Why should companies have their own vendor portal to manage their suppliers ?

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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How to Automate Sourcing Process and Reduce lead time

Lead time is defined as the time taken from when a need is felt to the time need is fulfilled.In Procurement and Supply Chain, this lead time consists of Components of Lead TimePre-Processing Lead Time (PPL) :- This lead time is needed for sourcing, negotiation and order release Processing Lead Time (PL) :- Time taken by the Supplier to manufacture or process the material and get it ready for shipping Post Processing Lead Time (PL): This is the time consumed during shipping, [...]

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How to save Material Cost in Supply Chain

How much is 1% of your total Material Cost? A typical manufacturing company spends 60-70% of its total revenue in direct material procurement. If your company has a revenue of say $100 Million, 60-70 Million could be spent on direct materials. 1% of it is $600-700 thousands. That is lot of money to let go loose due to poor communication in Supply Chain. The below scenarios appears to be simple and part of day to day operations of a company. But it [...]

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How to Improve Customer Satisfaction – Perfect Order Execution

In this time of severe competition, cost of gaining a new customer is very high. Imagine the cost of losing a customer. It is sky high. But companies lose customers every day as an imperfect order execution leads to losing the customer. What causes an imperfect order execution. Inadequate communication is one of the major cause in imperfect order execution. A customer order is to be treated like a living entity and is to be taken care of every step [...]

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B2b Supplier Onboarding – How to Make it a Success

Modern Workplace with Laptop Showing Landing Page in Doodle Design Style with Text B2B – Business to Business. Toned Image with Selective Focus. 3d Render. B2B Integration Projects Many companies start their B2B Integration initiatives in a big way but never finish like Sagrada Familia project. Objectives of B2B Integration Project The main objectives of B2b Integration project will be to get the Purchase Orders, Purchase Order Acknowledgements, Advance Shipment Notifications, Invoicing electronically integrated to Suppliers. This will result the supply chain to [...]

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Ecommerce Ideas – Drop Ship 15000 Items from Honest Green

Honest Green Honest Green is the eCommerce Division of UNFI. It is one leading online distributor of natural and organic health, wellness, and green living products. For e-tailers they provide fulfillment/dropship services, serving as a virtual warehouse with an “endless aisle”. For retailers, they sell at wholesale in less than case quantities via UPS. Large Stock of Inventory Honest Green has more than 15000 products available for drop shippers to buy from. And also the products are competitively priced. Products, Images and Inventory Honest [...]

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