Kodiak Hub provides an exhaustive supplier relationship management solution. Powered by big data, smart automation, and AI, it caters to precise and informed procurement needs. Its main functionality revolves around the creation of cloud-based software designed for global procurement and sourcing teams. Kodiak Hub's software facilitates smart procurement methods, sustains supplier relationships and potentially uncovers value within global supply chains. In addition, it features a diverse range of supplier relationship management tools for capturing supplier data, identifying supply chain risks, contract management, category management, document and product management, supply chain compliance assessment, supplier performance evaluation, and facilitation of buyer-supplier innovation.
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The Kodiak Hub interface is simple to use and allows suppliers to fill out profiles and assessments on their own. This in turn has enhanced the potential to engage with suppliers and thus developing a better relationship and result in better products.
There is no clear way of going deeper and identifying certain categories or metrics that are vital for the strategic sourcing processes. This makes it difficult to find ways of cutting costs or to determine the right supplier for different categories of products.