A supplier portal
is entirely a system which is based on the internetto handle and associate with third party suppliers of products and services. It is a safety management system implemented by organizations for doing networking with numerous suppliers.This portal allows preliminary registration of suppliers as well as management of accounts.An active portal is comprised of services and workflows that add value to the business to supply chains.
The objectives of the supplier portal are to:
- offer a broad set of tools to supplier for managing their profile: protected access to information of profile, alignment of supplier profile features that are change-controlled, and facility for internal users to conduct a thorough assessment to providethe approval tochanges initiated by thesupplier to his profile;
- rejectrepetitive inquiries of the supplier, processing of manual paper, and miscommunication;
- lessen the workload of the procuring team;
- empower suppliers to pass on documents through email.
- administer workflow and consents regardless of communication mechanism; and
- simplify communication across the whole process.
There are several benefits of supplier portal which are mentioned below:
- There are various activities in which suppliers manage their own, such as order related tasks in which they provide acknowledgments, notices pertaining to advanced shipping, and requests for change. The change requests of all suppliers are tracked, channeled and approved to confirm controls are maintained.
- Suppliers can also submit e-invoices, which will enable you to lessen theburden of unnecessary handlingof paper, carry out invoice controls, and ensure timely payments.
- Suppliers create a database of various users to manage their contact details, view their company profile, cull out information about the product, upload catalogs, and look after pricing to make sure that there is no interruption in purchasing.
- Suppliershave full access to view transactions and documents with included work areas.
Branded vendor portal solutions give your suppliers a place to register and update their profile data, without ever feeling like they left your organization’s website. Our branded vendor portals are configured to emulate the look and feel of your existing web presence. Display your logo, custom message, and color scheme on our branded vendor portals.