Our Approach to Supplier Relationship Management
What sets Kodiak Hub apart is our “whole value chain approach,” which views suppliers not just as transactional partners, but as vital contributors to our customers' success.
Kodiak Hub's SRM Philosophy
Turning Information Into Insights, Innovation, & Impact
We know that the most vital value drivers can be found in the intersection between the quality of what is being bought, its price, and whether the commodity or service is being sustainably produced taking into account not only Profit but also People and Planet. With this value perspective fostered by Kodiak Hub, companies transition from a sole focus on minimizing risk towards a truly strategic, value-driven approach.
Our platform enables users to drive impact and innovation by turning data and information into actionable insights through systematic improvement methodologies. This includes setting clear goals, accessing insights and data about current supply chain and supplier mode of operating, evaluating outcomes and results and leverage improvements that lead to improved supply chain and supplier performance. All in one place.
With the Kodiak Hub Value journey approach, isolated instances and transactions are transformed into dynamic and strategic improvement processes, enabling users to access a never-ending growing data richness and intelligence that lower decision-making costs. All with the purpose of enabling procurement professionals to move up the value journey quicker, and easier.
How It Works
A Step-By-Step Approach to Impact & Top-Line Value
Step 1: Streamlined Supplier Onboarding & Automated Risk Screening
Streamline supplier risk screening and gain actionable insights with our Supplier Risk Management modules. Evaluate macro and geopolitical risks with safe(SOURCE), simplify financial screening with fin(SIGHT), detect sanctions and blacklists with trade(TRUST), and monitor reputational risks through media monitoring with media(INSIGHT).
Step 2: Quick and Easy Validation of Supplier’s Mode of Operating
With our in(SITE) module, easily capture assessment data, generate custom assessments, and access Kodiak Hub’s global library of best practices for enhanced supplier engagement and insights.
Use our on(SITE) audit module for in-depth supplier validation and maximize ROI on-site visits and factory audits with our comprehensive auditing solutions.
Step 3: Capture Outcomes and Measure Results with Robust Performance Evaluation Management
Unlock value by effectively evaluating supplier performance. Procurement teams face data overload, making it challenging to align performance criteria and access holistic insights.
Kodiak Hub's kp(INSIGHT) module streamlines performance management and delivers valuable, comprehensive supplier insights across your business.
Step 4: Inspire, Engage, Negotiate, Collaborate & Innovate
Our Data & Analytics Capabilities
Powering Predictive Insights With Centralized High-Value Data
In today's rapidly evolving Procurement landscape, the need for a new type of data hub is emerging. One that is able to fuel both human-led strategic initiatives and autonomous tactical and strategic activities.
This is why Kodiak Hub operates in the intersection of many diverse data sets, integrating rich multi-source data, ranging from third-party data, to internal unstructured data – even capturing data that is normally lost – as well as supplier and commodity insights at scale. The increasing importance of a new mode of operating for direct material data has come into play – one that holds the potential to further enhance Procurement's strategic influence over the business.
Not only will it enable companies to secure supply but also to predict and forecast with greater precision to drive business continuity and resilience as well as accurate customer communication. The direct material data puzzle is complex covering commodity properties (e.g., primary or recycled materials), bill of materials, spend, supplier risk, product design, as well as demand, and inventory.
Kodiak Hub brings the ability to not only capture data with ease but, above all, to make sense of it and lower decisions making costs, unlocking the full potential of machine learning (ML) and artificial intelligence (AI) to deliver predictive insights and future supply chain outcomes. Unlike commoditized data, our proprietary, high-quality datasets capture crucial insights from every supplier interaction — while third-party integrations further enhance supply chain intelligence.
With our world-class data architecture and science team, combined with a Bring-Your-Own-License (BYOL) approach for custom API integrations, Kodiak Hub stands as the ultimate solution for optimizing direct materials procurement and unlocking the new gold in supply chain data.
“Procurement is drowning in information but starved for knowledge.”
Malin Schmidt
Founder & CEO
Kodiak Hub
Why Kodiak Hub?
- Plug-and-play functionality for fast implementation and easy scalability
- Seamless integration with ERP, S2P, and P2P providers
- Automated supplier information and big data capturing
- Comprehensive supply chain risk monitoring and ratings
- Seamless supplier information, category, contract, spend, and supply chain management
- Comprehensive compliance assessments and reporting
- Mobile auditing app for effortless on-site visits
- Robust performance evaluation and collaborative tools