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Best Practices for Grouping Suppliers in Onboarding Processes
September 3, 2025
Q. Is there a industry standard way of grouping suppliers? We are trying to understand our supplier onboarding cycle times. We are thinking that our cycle times should vary based on the type of supplier. As an example, a catalog supplier for e-procurement should be different from a supplier who is a contractor.
A.
(Answered by IOFM's third-party vendor master file expert)
There is no universal standard on grouping of suppliers, but grouping based on onboarding cycle times as you suggest is a…
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