The SupplHi Standard Model
SupplHi’s solution originates from the international best practices in Vendor Management
In a world full of technical standards, Vendor Management activities are characterized by the presence of many best practices but an overall lack of an industry-specific standard. SupplHi’s standard model – composed by 3 key elements – is inspired by the continuous analysis of the best international practices and by answering to the most demanding needs of our Clients.
A universal language at the heart of the platform, built with the industry
We believe that the sharing of a common language in a highly diversified industrial value chain of goods and services is of fundamental importance for all the involved parties. To date it is common to encounter efficiency losses deriving from the co-existence of different nomenclatures which were born from the widespread practice of calling the same equipment or service with different names.
Tree structure, easy to use
SupplHi’s categorization is detailed and accurate (2.500 Categories in 250 Families and in 45 Groups), connected – when possible – with the existing standards (e.g. API, ASME, …) and globally valid. The categorization is designed to reflect market’s competition (“what the buyer needs to know to find the right suppliers“) and kept updated based on constant feedbacks by users and on the evolution market needs and technologies.
Standard Strategic levels
The Strategic Levels allow to prioritize industry efforts on the most critical supplies. The SupplHi Standard Strategic Level – articulated in 4 levels – has been associated to each category of the SupplHi Standard Categorization based on the relevance for the industrial world of: Technical and HSE risks, delivery lead times, market size, market competition. They act as a reference for the Buyer organization that can increase or decrease the levels for each category of supply.
1,400+ data fields in 26 Capability Areas
All info on Vendors are homogenized in 1.400+ fields across 26 Vendor Capability Areas and 140 Vendor Capability Sub-Areas – covering all our buyers’ needs in terms of information for Vendor Management.
Quality Assurance by SupplHi
Info provided by Vendors goes online only after Quality Assurance by SupplHi that also provides constant expediting on expired info.
Integrating data from multiple sources
All the information in one place: SupplHi integrates with international data and service providers (e.g.: Dun & Bradstreet for Vendor Financial and Compliance data, Lloyd’s Register for Assessment Visit at Vendor’s premises by senior inspectors).
Shared among multiple Buyers
Data on Vendors are shared across Buyer organization leveraging on the platform, with possibility of Buyer-specific information. Decisions on Vendors (e.g. on Qualifications, …) stay within the Buyer organization.
B2C-inspired and B2B industry-specific
We are living in the “reputation economy” where any Consumer is able to provide immediate feedback on a specific product or service and to share it with the rest of the community. Based on Root Causes, an internal approval cycle and covering the entire lifecycle of a supply.
Focused on simplicity
Simplicity in the logics, automatization in the inputs and ease-of-use are key. By avoiding complex systems (e.g. long surveys to colleagues), it allows to increase frequency of observation and have larger adoption by Buyer organizations. Vendor Rating data is then easily aggregated – through managerial dashboards (e.g. by project, category of supply, divisions, …).
Possibility to share Ratings with the network of Buyers
SupplHi is currently piloting a methodology to share consolidated Performance Ratings – anonymously stored also leveraging on Blockchain technology – between multiple Buyer organizations and with the relative Vendor. This allows to increase transparency and efficiency across the entire supply chain.