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Supplier Portals: Extend Collaboration, Visibility, and Communication with your supply chain
The rapidly evolving economic landscape is creating new challenges and opportunities inciting manufacturing enterprises to navigate global supply chains and diverse markets. Manufacturing companies are facing an increasing pressure to rapidly improve operational efficiencies and reduce production costs and wastages. Both the quality and speed of decision making are critical to manage value chains effectively, focus on go-to-market, and improve service delivery. All of this needs to be done in a quality conscious and highly regulated environment. Going forward, manufacturing companies need to collaborate with their value chain partners to redefine value propositions to attract customers and respond better to the market.
What is Supplier Portal?
The Supplier Portal is a collaborative web portal that provides secure single-point access for Suppliers to view and exchange information. It allows suppliers to register their businesses based on the criteria defined by the organization. It also helps buyers identify various suppliers, request quotes, place order requests, and also track status of their orders and shipments.
Why Supplier Portal?
For an agile supply chain B2B collaboration is critical, supply costs needs to be controlled and communication needs to significantly improve and leverage social technologies. To bridge these gaps a supplier portal can be a very useful tool, it provides organizations:
- Greater integration by connecting with existing systems
- Transparency and reduced communication gaps for error free transactions
- Close engagement with supplier network
- Highly responsive and agile supply chain
- Acts as E-Kanban System
- Conduct sales forecasts
- Reduction in opex including costs associated with transfer of physical documents such as PO, release schedules, etc.
- Timely confirmation of order status to allow better planning
- Reduction in total purchasing cycle time, transaction processing time and lead times
- Online delivery schedules reduce follow up activities
- View and track shipment details
- On line Payment Status reduces the offline follow up activities
- Timely and accurate payment to suppliers
- Automate and speed up operational and financial processes
BSIL helps manufacturing companies develop their Supplier Portals to strengthen relationships with suppliers, as well as bring new vendors on-board. BSIL uses templates built on top of leading portal solutions available in the market to accelerate development. The templates can also be integrated with existing systems to deliver an exceptional user experience across supply-chains. The solution will enable enterprises achieve operational efficiency, better customer service levels through integration and collaboration across the value chain.
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