Supplier onboarding — the process of collecting the information and data required to set up an organization as an approved supplier — is essential to do, but no one likes to do it. It is not uncommon for it to take a month to onboard a new supplier and can take up to six months at many large organizations.
A Remedy for the Supplier Onboarding Problem
How a blockchain-based platform can streamline the process.
October 05, 2023
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Summary.
Onboarding new suppliers has long been a time-consuming and expensive process. But a new blockchain-based platform that is open to everyone can streamline this crucial activity. The early results are promising.