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Performance reviews and ‘star-based’ feedback ensure you build the strongest supply chain possible.

CANOPY'S CORE BENEFITS

Performance and Relationship Management

Canopy is the common interface between you and your supplier. As the trusted record, it becomes the primary conduit through which to manage your ongoing relationship.

Supplier profiles include performance reviews, enabling your stakeholders to leave 'star-based' feedback, giving a quick and easy numerical comparison.

Where more detailed quality assurance is required, tailored performance questionnaires allow for a thorough assessment from local stakeholders.

Quantitative and qualitative feedback is made accessible to approved internal users.

This highlights excellence or below-par delivery and can help stakeholders avoid repeating costly supplier mistakes by leveraging performance scores across the business.

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Sustainability & Environmental, Social, and Governance (ESG)

ESG and emissions information is an increasingly important component of supply chain management.

Reporting obligations on Scope 3 emissions requires large quantities of data to be collected from a wide range of suppliers. These are subsequently aggregated to calculate your overall emissions.

Canopy helps to facilitate this process, providing a universal interface between you and all your suppliers, allowing for ongoing reporting, and monitoring against your ESG commitments.

Managing the Supplier Lifecycle

As the supplier’s business evolves, so too does their profile on Canopy.

Suppliers can maintain marketing information so that buyers learn about new products and services.

These changes can also be reflected in changes in supplier status or classification, allowing for the promotion or demotion of specific companies based on your category strategy.

Developing a Portfolio of Suppliers

With all your supplier information in one place, it is easy to make comparisons across the pool of suppliers you work with.

Trade-offs across spend, ESG, risk, performance and other factors allow for a more rounded view of what is best for your supply chain.

Category management takes consideration of all the aspects of a supplier’s activity, informing decisions about Preferred Supplier status or expanding/reducing the number of suppliers.

Reduce the cost of supplier management by £250 per supplier per year

Canopy reduces the cost of supplier management by £250 per supplier per year, saving £500K per year for a business with 2,000 suppliers

CANOPY'S CORE BENEFITS

Keeping Critical Supplier Information Updated

Of critical importance is how Canopy allows for the seamless updating and re-approval of supplier information as it changes.

Bank details are a particular challenge for finance teams, where access to the ERP is understandably protected to preserve the accuracy of data.

Through Canopy, suppliers can update their banking details directly through their profile. By allowing data to be exchanged with the ERP, your finance team can have confidence they are always working off the very latest information.

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