Self-Service: Vendor & Supplier
Business Automation for Vendors & Suppliers
Procurement processes could be considered as one of the most extensive business processes in any organization; it entails a huge number of steps, procedures, and documentations that take place among multiple number of parties. This sort of complexity has raised a number of challenges to both employees and vendors/suppliers.
Amongst these challenges are high margin of human errors, lack of data accuracy, price volatility, difficulty of continuous monitoring and follow-up. Diversification of suppliers is a great benefit for any organization and should never be undermined by these challenges. Managing these suppliers should be done through a structured and automated business process.
One Process among all relevant parties
Privilege a clear helicopter view for all activities
As for the organization, the management is underprivileged due to the lack of a clear helicopter view of this area, which in turn affects its ability to run an accurate comparison among its suppliers. On the other side, suppliers face a huge difficulty in reaching the information they need in a timely manner. In a nutshell, vendor/supplier self-service is a vital tool in promoting the transparency of the whole process among all relevant parties. This high level of transparency offers a great chance for both suppliers and the organization to evaluate, monitor, enhance their overall work using data analytics and KPI’s over an extended period of time.
Vendor/Supplier One-Stop-Shop
Gateway to tackle the most delicate details
Knowing facts that made procurement cycles a very tempting area for self service solutions intervention. Vendor/supplier self-service (VSS/SSS) acts as a gateway between vendors/suppliers and businesses, allowing for a timely and accurate communication for below
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Registration Procedures
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Document Submission
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Purchase Orders and Invoicing management
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Master Data Definitions Management
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Items Creation, Update, and Control
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Evaluate, monitor, enhance overall work using data analytics and KPI’s over an extended period of time.. etc.
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