Canopy generates valuable data-driven insights through its decision-making processes.
The Vendor Master Record lets you gain deeper visibility into supplier performance, identify patterns, and make informed business decisions. These insights boost strategic sourcing, supplier selection, contract negotiation, and stronger relationships.
01 / Track and evaluate supplier performance.
The Vendor Master Record enables you to define and track supplier metrics and KPIs, automatically monitoring performance against predefined benchmarks. This allows you to identify underperforming suppliers and initiate corrective actions. Now you can optimise your supplier base to improve overall operational efficiency and reduce costs.
02 / Enjoy real-time decision-making.
The rules engine enables real-time decision-making by evaluating data and applying predefined rules instantaneously. This speed of decision-making allows you to respond quickly to supplier-related events, such as order fulfilment, contract management, or risk assessment. Now you can access real-time insights to resolve problems and action opportunities faster.
03 / Monitor and report on ESG & Diversity performance.
Canopy seamlessly generates reports and dashboards that provide insights into supplier performance on ESG and diversity metrics. You can track KPIs and measure progress toward sustainability and diversity goals. Now you have transparency and accountability, both internally and externally.