What is Trading Partner Management?

Trading Partner Management (TPM) refers to the processes and technologies used to establish, manage, and monitor relationships with an organization's trading partners (suppliers, distributors, customers, etc.). It involves onboarding new partners, exchanging business documents (e.g., purchase orders, invoices, shipping notices) electronically, ensuring data security and compliance, and monitoring partner performance. TPM solutions often include features for partner discovery, agreement management, data transformation, and visibility into the entire trading partner ecosystem. The goal is to streamline supply chains, reduce costs, and improve collaboration and efficiency.