Top 7 Benefits of Supplier Portal Solution

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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
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• 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.

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• 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
  changes was happening via phone calls, emails,
  etc.

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• But, today in such scenarios, 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
  companys 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.

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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.
Source h ttps//www.sooperarticles.com/technology
-articles/suppo r t-services-articles/top-7-bene
fits-supplier-portal-solution- 1 768494.html
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