Supplier Enablement

The Benefits of Supplier Enablement

When doing business electronically, such as with eProcurement, it’s vital that both the companies doing the buying and the suppliers work together to create the best possible outcome for both parties. This is where supplier enablement comes into play. Suppliers and buyers need each other in order to stay in business; they rely on each other. Therefore, any tool that can help suppliers and buyers work more efficiently together is certainly welcomed.

Supplier enablement is a simple process of connecting the company’s supply chain with the suppliers electronically. The process is complete when the buyers and suppliers office systems are connected with each other. This allows them to exchange invoices, purchase orders and any other information vital to the transaction. This connection can be enabled or connected at any time. This system allows you to communicate in real time regardless of the time zone you live in, along with helping to coordinate the procedures needed to keep your business running smoothly.

There are several benefits associated with supplier enablement. For starters, it can reduce the cost of the supply chain and the cost of procurement. It helps to improve the way invoices are tracked while improving communications. Many of the errors that companies and suppliers deal with everyday will be greatly reduced. The length of time needed to make the transactions will be increased allowing more time for other business to be conducted.

You will have the tools needed to overcome barriers that stand in the way of communication when the supplier enablement is put in place. Dealing with foreign languages and different currencies will no longer be a problem. You can make any supply company a part of your supply chain as long as they have a unified web-based platform with this system.

Some of the areas this system focuses on include PO management, requisition management, inspections, quality, filling the orders and shipments. In the event the products are damaged in any way it also includes chargebacks. Supplier enablement is a great asset for any company that is searching for ways to enhance their business and improve their productivity.