Driving Visibility and Efficiencies through Supplier Portal
by Sobu Koshy Varkey | 3 min read
Suppliers are the first link and a crucial part of the value chain of businesses. They supply raw materials, intermediates, Manpower, Services etc. those are vital for the core business operations. Their supplies dictates the product quality, inventory cost, time-to-market and even customer satisfaction to a great extent. In the traditional way of doing business, collaboration of companies with their suppliers is fraught with delays and disconnects. It leads to negative impact on the aforementioned metrics and hence the top and bottom line as well.
Ramco’s new & enriched Supplier Portal tackles the challenges on supplier collaboration on various aspects. The portal’s cool features and how they can crank up your supplier visibility and performance are delineated here.
A typical material procurement process follows these steps.
An unproductive and archaic way of managing the entire process is to let the procurement functions communicate over calls and through physical documents such as RFQs, purchase orders and invoices. This operating model is highly inefficient and opaque. None of the stakeholders have a visibility and real-time access to the procurement and fulfillment status.
Ramco has augmented its powerful ERP with a very an ingenious and user-friendly supplier portal. The portal is very slick and has comprehensive coverage of the process, from procurement to payment process. This makes it more streamlined, automated, and efficient to both the organization & suppliers.
Supplier portal features improves the productivity of both company and its supplier’s manifold. With the latest features, data entry happens only at the request creation stage. All the other tasks happen at the click of a button by different stakeholders at every other stage.
A noteworthy aspect is the effortless nature of Ramco CHIA chatbot. It is so smart and intuitive that functions such as updating contact details, tracking orders, material, and payment status looks like a piece of cake. More enhancements are also in the pipeline such as OCR based invoice capture and automatic invoice retrieval based on IRN from the Govt. portal (India GST). These features do take the UX up several notches.
Unlock potential value from efficient sourcing operations
Self-Service Supplier Portals are not just nice-to-haves anymore. It is an essential solution that allows companies to manage and connect with their suppliers, who are the key business partners. Reach out to us for a demonstration of our feature-loaded portal with a great user experience.