USING A SUPPLIER PORTAL FOR PURCHASE ORDER MANAGEMENT IN THE GLOBAL MARKET

Routine reliance on an extended global supplier network has resulted in a more complex and lengthy procurement process. Emails, phone calls and faxes simply don’t support the collaboration between buyers and suppliers that is required for successful global trade. Purchasers face these challenges when trying to source product and manage suppliers across their network Efficiently placing orders and receiving confirmation that the orders can be filled in the required time frame Avoiding the errors and misunderstandings that can come from re keying [...]

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EVALUATE YOUR SUPPLY CHAIN – SURVEY RESULTS

A survey was conducted among procurement professionals in the LinkedIn group for Procurement Professionals. The objective of the survey was to assess how companies are managing their communication in procurement and the role of Supplier Network portal and Mobile applications in supply chain. The results are below 1. Do You have critical items being sourced from outside vendors ? Yes – 90% No – 10% 2. Do your suppliers always acknowledge your PO in time and give delivery estimates ? Yes – 20% No [...]

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SUPPLIER PERFORMANCE MEASUREMENT – EVERY SUPPLY CHAIN MANAGERS TO DO TASK

Every Supply Chain Manager has an important task of measuring his suppliers performance, providing feedback to the Suppliers and encouraging to improve their performance. Measuring the performance of suppliers is to be done both qualitatively and quantitatively. Both are important and required. Using both the results, the Supply Chain Manger to come up with the final scoring results for the suppliers and communicate to them. Let us see each of the methods and how to measure Suppliers performance with it. Qualitative [...]

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BENEFITS OF SUPPLIER PORTAL

A few of the benefits enabled by the introduction of supplier portals include: Broader Supplier Enablement Portals enabled a new tier of suppliers to automate routine supply chain execution transactions such as purchase orders, ship notices and commercial invoices. EDI had gained a critical mass of usage amongst larger companies. However, smaller businesses often struggled to find the resources, budget and in-house expertise to implement EDI. Portals filled the white space in the market quickly. Anyone with a PC and an [...]

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WHAT IS ROUTING REQUEST AND HOW TO USE IT?

Routing Request Many of the large customers like Amazon expect their suppliers to request for a carrier assignment for their shipments. This is almost always compulsory for collect freight where the customer pays the freight charges. Suppliers to provide expected pick up date ,pick up location, nature, weight, volume of the consignment. Based on their negotiated rate customer will assign the carrier and inform the suppliers. Supplier to keep the consignment ready for the carrier to pick up on the [...]

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AMAZON VENDOR CENTRAL & EDI

Amazon uses Vendor Central to manage its business operations with suppliers. For non EDI suppliers the typical process of Purchase Order, Fulfillment, and Invoicing is: Amazon releases Purchase Orders to suppliers periodically. An e-mail will be sent to suppliers informing them a new Purchase Order is released. Within a few days the suppliers are supposed to log in to Vendor Central and confirm the Purchase Orders. If they are not able to deliver on the required date, they need to back order the [...]

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HOW TO BECOME EDI COMPLIANT USING QUICKBOOKS

What is EDI Compliance Many of the retailers like Amazon,Walmart,Home Depot , Fry’s Electronics insist on their vendors to be EDI compliant. You might be wondering what it takes to become EDI compliant without using complex and expensive EDI software. To become EDI compliant, there are only two or three steps needed Able to send and receive documents electronically Able to read and write documents in EDI format. Sending and Receiving EDI Documents Everyone is aware of sending and receiving documents through email. You simply [...]

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UNDERSTANDING EDI – BASICS

Introduction If you are a small business owner, doing business with large retailers like Amazon, Walmart, or Home Depot – you might have heard this – “Can you become EDI compliant to do business with us. We prefer EDI compliant vendors”. So you start looking around what is EDI and how to become EDI compliant What is EDI EDI stands for Electronic Data Interchange. This is the standards provided for machine to machine communication of business documents. To explain further, if someone mentions [...]

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HOW TO START A DROP SHIP ONLINE E COMMERCE BUSINESS

Any E commerce Business will love to have zero inventory in stock, yet do a lot of sales. This is possible with drop shipping operations. Basically, you find a reliable supplier who maintains inventory of items that you want to sell, negotiate price with the supplier and get the list of items. Publish the list in your online stores and let customers place order on you. Turn around the order to your drop ship supplier and let them directly ship [...]

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How to Extend Your ERP System Into a Supply Chain System

  ERP Enterprise Resource Planning had traditionally been considered as the system to be used only behind the four walls of an organization. With the Globalization of manufacturing, Outsourcing and lean manufacturing concepts, ERP can no longer act in isolation. The information needed for the efficient operation of the Organization is no longer available within the Organization. Most of the information comes from outside from value chain partners like Suppliers, Contract Manufacturers, Third Party Logistics Providers and transporters. The flow of information is [...]

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