Supplier Management Best Practice Trailblazer: Albertsons
Mastering Supplier Data Across Systems, Departments and Processes with the Power of AI – Hosted by IOFM
May 25, 2021
• Gregg Maxwell, CPA Group Vice President, NSC, Albertsons
• Akhilesh Agarwal SVP Global Business Partner Technology Solutions, apexanalytix
• Mark Brousseau President, Brousseau & Associates
Post-merger with Safeway, Albertsons launched a series of business transformation projects. For one, Gregg Maxwell, Group Vice President, NSC wanted the future of supplier onboarding.
In this webinar, Gregg talks about how they reduced 170,000 supplier records to 70,000 active vendors. He’ll explain how they turned the onboarding process that involved four systems, ten departments and fifteen documents to one automated, supplier-facing onboarding portal. Now Albertsons will complete supplier validations through real-time integration with 650+ global government, regulatory and authoritative third-party data sources and 2 Billion external reference records. The company will defend against supplier fraud with a series of automated supplier record change controls, including real-time confirmation of bank account ownership. Machine Learning and big data analytics with IBM Watson help with the automation throughout.
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