Automated Vendor Registration with Web-Based Portals

                  Automated Vendor Registration with Web-Based Portals

An efficient supply chain is critical to competing in a global economy. Web-based vendor management portals reduce supply chain costs by automating supplier onboarding processes. And that’s just the beginning.

The software’s KPI management functionality then transforms vendor data into actionable strategic intelligence that enables you to continuously improve your value chain.

Supplier Registration and Onboarding

ERP systems aren’t equipped to efficiently capture vendor registration and enablement data. In most cases, it has to be manually keyed into the system by internal staff. That’s where this portal eliminates waste. Potential vendors enter their own registration data through a branded portal on your company website.

Pre-Qualification Screening Filters

Buyers and category managers can:

• define filters and screening parameters to pre-qualify vendors.

• route supplier submissions to appropriate personnel for review.

• access vendor risk profiles.

• review vendor history including due diligence notes, supplier correspondence, documents, and dispositions.

Vendor Data Integrity

Data integrity is directly relational to the quality of your input. To transform your vendor data into supplier intelligence, you must start with a uniform data monitoring and validation process that improves integrity. Online vendor registration according to company-defined parameters creates uniform supplier data and eliminates manual entry. Dashboard verification and validation of supplier data occurs seamlessly and accurately.

Supplier Diversity

The portal makes it easy to identify minority, women-owned, Hub Zone, veteran, service- disabled veteran, or small disadvantaged businesses to expand vendor diversity programs and automate Tier 1 and Tier 2 compliance reporting.

Compliance Reporting

We’ve never encountered anyone that enjoys compliance reporting. That’s why we designed data collection software that collects, vets, processes, and transmits compliance data, so you don’t have to.

This module manages all types of compliance reporting including FFATA, codes of conduct, certification verification, and diversity programs.

Expand Sourcing and Bidding Capabilities

Buyers and planners gain instant access to a global database of potential suppliers that is easily searchable. Users can identify potential sources, establish bid pools, and receive bids electronically. An integrated electronic bidding and reverse auction capability offers clients the ability to organize and conduct online closed bidding and “reverse” auctions at their convenience.

Business Process Transparency

Corporate performance is only as good as the business processes that support it. Integrated Business Process Management (BPM) tools enable organizations to standardize processes, execute routine transactions, and analyze large volumes of information in an efficient, systematic way. BPM advantages include:

• Centralization of Data – enabling detailed process analysis and transaction management based on empirical, documented information.

• Transparency – reduce or eliminate delays and process bottlenecks.

• Refinement – enabling continuous process improvement by adjusting process parameters and workflows.

Business intelligence dashboards and robust reporting capabilities allow companies to leverage their vendor data into actionable strategy. Client-defined KPIs can be segmented by product line, department, and region.

Author Bio

Russell Richer has 15 years experience as a B2B copywriter. A former 17-year corporate accountant, I specialize in promoting B2B products, software, SaaS, and services related to sustainable manufacturing, industrial contracting, supply chain, environmental health & safety, and business process automation. Contact Russ @ richer-communications.com.