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Benefits of being a supplier Access to a vast customer base. Many of our framework agreements are open to regional or national customers. Low risk customers. Transparency. Creating lot structures. Tenders not just scored on price. Incumbent suppliers dont have an advantage. Marketing.
The main objective of supplier selection process is to reduce purchase risk, maximize overall value to the purchaser, and develop closeness and long-term relationships between buyers and suppliers. The literature on supplier selection criteria and methods is full of various analytical approaches.
Benefits of a supplier portal Using a supplier portal streamlines and transfers part of the workflow to vendors, increases information accuracy, organizes submitted documents, automates processes, handles payment disputes, and improves two-way communication, including providing up-to-date status.
A supplier portal, also known as a vendor portal, is an integrated online platform shared by businesses and their vendors. The supplier portal is used for entering supplier information, submitting documents, displaying status, and communicating.
With a supplier portal self-service solution, businesses can track orders, monitor inventory levels and view payment information in real-time, promoting greater transparency and visibility in their supply chain management.