What is the process of "Supplier Onboarding" in Infor M3?

The process of "Supplier Onboarding" in Infor M3 focuses on establishing structured approaches for qualifying and integrating new suppliers into the organization's procurement framework. This process is essential as it ensures that new suppliers meet the company's standards for quality, compliance, and operational capabilities before they start supplying goods or services.

By having a structured onboarding process, businesses can efficiently assess the capabilities and reliability of new suppliers, thereby minimizing risks associated with supply chain disruptions. This includes verifying the supplier's financial health, operational practices, and compliance with relevant regulations and standards, which are integral to forming a solid business relationship.

Training suppliers on product specifications, reviewing supplier histories, or evaluating supplier risks, while important in their own rights, do not encapsulate the comprehensive nature of supplier onboarding. Instead, those activities can be seen as parts of the broader onboarding process, which is aimed at creating a smooth transition for suppliers into the procurement ecosystem. Thus, the emphasis on structured processes for qualifying and integrating new suppliers correctly captures the essence of what supplier onboarding entails in Infor M3.