Top 7 Benefits of Supplier Portal Solution

Managing a database of suppliers can be a never-ending process because it includes a lot of data entries, follow-ups, and inaccuracies. And you would always want to manage it in a better way because its information is important as well.

But how about having a system that is automated with the data of all the suppliers with easy access to data whenever required?

Investing in a best supplier portal solution will provide you with privileges and will automate most of your manual efforts like maintaining the database manually, data entries, etc. and streamlines the flow.

In fact, today most of the companies are already utilizing them as they provide greater value to the supply chain market.

Hence, this article will provide elaborate the benefits that you can get with Support Portal Solution.

Automates Supply Chain:

Basically with all the resources, data of purchased orders, shipping notices, commercial invoices most of the manual works gets alien because the database with an easy access.

Sometimes, it also may get hard to find resources, budget, and expertise when it comes to working with supply chains.

But with a portal solution in place, you can access the and manage all these things. All you need is just an internet connection, system and a little bit of training. This brings advantage to the small and medium size businesses as the interaction with the consumers becomes easily.

Segeragation of Duties

With a configurable vendor portal, segeragation of duties becomes easy. With an integrated system into your directory can offer seprrate layes of security checks. You can provide roll-based access controls as well.

Collaborative work:

With portals suppliers and buyers can get a shared view of data. Whereas, before sometime buyers and suppliers were seeing different views of data in different applications without any sync between.

But, with the introduction of the portals, buyers and suppliers can easily share common views of data that are in sync. This helps both the parties to work with each other and also improves the supply chain performance.

Change in supply management:

Supply chain management is type of field where change is mandatory and takes place rapidly. For example, buyers opening up new distribution centers, manufacturing plans, retail stores, etc. And the communication regarding all these chnages was happening via phone calls, emails, etc.

But, today in such scenario, when businesses are introduce new processes like re-engineering, improvement in forecasting, purchasing, labeling, shipping and invoicing procedures, portals provide online resources for buyers to communicate changes with each other without glitches.

Track your suppliers:

With the help of supplier portal solutions, you can easily track suppliers using different filters like commodity, diversity, etc.

It provides a deep and clear picture of your company’s progress and showcases the overall growth. The custom reports are on the basis of the data available from the supplier portal and you can keep a track of targets. Additionally, you can even easily identify the potential risks for your business like not to be dependent on a single supplier more.

Reduce workload:

Basically, this was the point behind the whole article. With most of the work getting automating in the supplier chain, it in turnt reduces the workload of the administrative staff. Additionally, you can automate the suppliers’ signup process and pre-qualifying potential suppliers.

Through supplier portals are not less than a automated system with which, you can automatically send and receive notifications. You can also check things like expiry of certificates, cross checking data and manually sending notifications.

The best part is, you can easily automate the process of sending the notifications to your customers rather than adding them manually from the backend every hour.

Final Words:

Supplier portal solution is an added feature to your entire supplier chain management because it brings ease to the operations in your company, makes it easy for your employees to handle your customers and helps you build a good reputation of your company.