Business Understanding — Overview
Business Context
Vendor Master Data (VMDM) is foundational to Maersk's procurement and payables processes. Accurate vendor data ensures correct payments, compliance, and supplier relationship management across all enterprise systems.
Value Proposition
- Single source of truth for vendor identity and attributes
- Compliance tracking for tax and regulatory requirements
- Payment accuracy through validated bank details
- Structured onboarding with 3-stage lifecycle governance
- Duplicate prevention via intelligent matching
- Data enrichment through D&B and BVD integration
Vendor Onboarding Lifecycle
The onboarding process follows three structured stages:
| Stage | Name | Description |
|---|---|---|
| 1 | Prospect Creation | Search, validation, enrichment, and initial record creation |
| 2 | Draft Updates | Internal user modifications with draft management |
| 3 | Submission & Workflow | Approval workflow with governance review |
Related Documentation
- Onboarding Overview — Complete onboarding process
- Lifecycle Status — Status definitions (PENDING, ACTIVE, etc.)
- Stage 1: Prospect Creation — Initial record creation
- Stage 2: Draft Updates — Update flow for internal users
- Stage 3: Submission & Workflow — Approval workflow
- Use Cases — Business scenarios
- Glossary — Terms and definitions
- Data Maintenance — Ongoing vendor updates
Was this page helpful?