MGM Resorts International owns a tailor-made Supplier Management System (COUPA) to automate and streamline supplier registration. The e-procurement solution implemented by MGM is easy end-to-end, enables electronic invoicing, and promotes spending under management. The system provides a consolidated list of suppliers, visibility into inventory, optimized spending, and greater budget predictability at the corporate level. (O'Connor, n.d.) In addition, the procurement team uses data from the e-procurement program to forecast the acquisition requirements for hotels, entertainment, and conventions. Furthermore, the application allows creation and management of supplier profiles and the uploading of certain documents, such as insurance and diversity certifications. The automatized system implemented by MGM Resorts also provides friendly information about the company and the supplier registration process. The company has ninety-eight percent e-invoicing, and ninety percent are pre-approved spend on purchase orders. EdrawMax is the best diagramming tool to create similar diagrams. Download EdrawMax today and start customizing similar templates.
