Customer Apps / Manufacturing / Supplier Business Network Digitalization App

Supplier Business Network Digitalization App

Digitize multi-party transactions across multiple suppliers from multiple geographies to ensure on-time material availability, real time collaboration, and tamper-proof records of transaction.

Overview

Global multi-tier suppliers and supply chain disruptions make it difficult for organizations to connect with the right strategic supplier base and proactively plan during disruptions. As a result, organizations are focusing on establishing connections with strategic suppliers rather than optimizing procurement spend.

By tackling these pain points, organizations aim to improve procurement involving multiple suppliers at multi-tier levels:

Poor collaboration between internal business functions (Purchasing, Manufacturing, Finance) of an organization.
Manual and lack of standardized sourcing process involving data/document exchanges (Purchase Order, Sales Invoice, Good Receipt Note, Shipping Instructions etc.)
Poor collaboration and coordination with suppliers and their business functions and related ecosystem (Custom House Agent (CHA), Transporter, Inspection agency etc.)
Lack of supply chain visibility, leading to high safety stock levels and inventory carrying costs.
Manual reconciliation and matching for payment processing to suppliers.
Little to no exposure on third-party risk management or extended supply chains and non-compliances to multi-geographic jurisdictional requirements.
Limited ability to perform analysis by vendors on their performances and categories.

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App Features

Smoothen and streamline procurement process involving multiple suppliers from multiple geographies with shorter cycle time.

Enhance collaboration with multiple parties in multiple geographies with improved user-efficiency and end-user experience.

Enforcement of effective risk-free contracts across purchasing with multiple suppliers/vendors.

Greater visibility and transparency across the digital network of multi-tier suppliers to drive ethical behavior throughout the supply chain.

Reduced supply chain cost, risk and inventory, with significant working capital improvements.

Streamlined procurement process involving multiple suppliers in multiple geographies in a digital network.

Accurate data and digital document repository with auditability across functional departments and ecosystem participants.

Real-time reports and secure tracking of the origin of goods and the chain of custody with verified documentation and certifications as tamper-proof digital records for future use and compliance.

Business Benefits

Business Value to each of the parties involved with better visibility and transparency to avoid disruptions.

Reduce in Inventory Shortages by 15-20%

Supplier OTIF improvements by 10-15%.

Increase in Revenue by 20-30% connecting the multiple parties with the real time information flow

Reduced P2P processing time for import process by 60-70%.

Accurate data and digital document repository with auditability across functional departments and ecosystem participants.

Real-time reports and secure tracking of the origin of goods and the chain of custody with verified documentation and certifications as tamper-proof digital records for future use and compliance.

Getting a single source of truth across the data/documents shared in real-time with multiple stakeholders.