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Manufacturers are realizing the benefits of tightening relationships with suppliers to better manage the procurement of goods and lower supply costs. Collaborative processes transform a typical transaction-based association with suppliers into two-way access and a mutually beneficial relationship. This builds a more effective manufacturer-supplier partnership that lowers inbound supply costs and improves supplier performance. Both parties gain from accurate and timely access to order, shipment, schedule, invoice, inventory and other related information. Or, as one QAD customer stated, “The QAD Supplier Portal improves our productivity, saves us money and ensures we consistently meet our customers’ needs.”

Supplier Challenges Exist

Many manufacturers still rely on outdated processes or fail to understand the role supplier integration plays in maximizing global supply chain performance. Manufacturers we work with often mention their desire for a single source of truth that improves decision-making with suppliers, based on the same set of information. Along with the global and swiftly changing nature of sourcing, inbound supply challenges include:

  • Carrying too much inventory to address potential supply disruptions
  • Excessive premium freight charges to meet customer delivery expectations
  • Inability to accurately track and trace purchase orders, shipments, receipts and invoices
  • Mismanaged documents and processing errors leading to slow cycle times
  • Inefficient procurement workflow and processing causing unproductive supplier relationships
  • Buyers spending too much time “fighting fires” and addressing unexpected supply disruptions

QAD is offering a complimentary assessment that gives you an outsider’s viewpoint and a report on potential areas for supplier integration improvements.

QAD Supplier Portal Delivers Benefits

Successful supplier collaboration relies on transparency and aligned objectives with supply trading partners. Collaborative processes provide a foundation for a responsive and flexible supplier network that responds instantly to market volatility and changing customer demands. QAD Supplier Portal increases the availability and visibility of critical order, schedule, shipment, invoice and other information for suppliers so as to avoid the risk that an inbound supply issue will disrupt their business. Additional business benefits include:

  • Reduce inventory investment without risking material shortages and downtime
  • Eliminate processing errors by replacing manual methods with digital communication
  • Lower procurement costs with supplier self-service and proactive alerts
  • Improve supplier performance with quicker and easier access to inventory, order, shipment and invoice information
  • Cut production delays by ensuring timely delivery of material through accurate and automated receipt management
  • Increase order fill rates and procurement team productivity
  • Decrease error rates with full error correcting techniques and accurate labeling
  • Better control supply chain risk with greater inventory accuracy across complex warehouse and space management operations

To find out more about QAD Supplier Portal, check out our solution data sheet.