“The future of digital supply chains requires a data foundation that unlocks unlimited value creation,” says Dr. Elouise Epstein of Kearney. “Tealbook is a leading example of that data foundation.”
The benefit of a trusted supplier data foundation is to provide procurement teams with the ability to innovate with suppliers, drive advanced costs savings, create opportunities for corporate social responsibility (CSR), and manage risk. The data foundation is the organizing principle of the supplier information. Once it is cleansed, harmonized, and enriched it becomes easily syndicated to every application in the ecosystem. Data from Tealbook can be incorporated into any technology, whether it is a S2P tool, ERP, S2P/P2P, niche digital solution, Excel, or another analytics tool, ideally tying them together by the same source of data.
“The need to achieve digital procurement success has been a challenge for nearly every enterprise,” says Dr. Epstein. “This new ecosystem view