Effectively managing suppliers is critical to the success of procurement organizations. But as supply chains become more geographically extended and the numbers of suppliers steadily increases, organizations need to take proactive measures in order to mitigate any disruptions that could potentially arise within their supply chain which can be very costly in terms of financial performance and the company's reputation. By implementing a supplier management solution, organizations are able to take a strategic approach and effectively manage their suppliers. Below are some of the reasons your company should focus on implementing a modern, supplier management solution: