Supplier Management Software for Companies

Supplier Management Software for Companies

Supplier management software is responsible for optimizing the physical flow of goods and materials. One of the most valuable things that can be achieved by this software is detailed information across the entire length of the supply chain. With accurate data, the companies can evaluate the areas that need improvements, make better decisions, and plan for the future, and optimize the entire supply chain cycle efficiently. The SCM comes with analytics and logistic features that drill down into the daily process in search of the data. And the data is automatically loaded into the reports, which can be further customized as per the users’ requirements.

Are you searching for the best-in-class supply management software? If yes, then you have reached the right place. In this blog, we have come up with software that can help ensure that there is a continuous flow of the stock in the business without facing any logistic issues.

Supplier Collaboration Portal

Supplier Collaboration Portal is designed and developed by HGI Business Solutions. It is one of the leading companies that is well-known for its advanced and best-in-class business software. This software enables companies to manage and control the supply chain process, from purchase orders, transactions, shipments to commercial invoices.

Key Features of Supplier Collaboration Portal

Purchase Order:
This feature allows users to create the purchase order records to acquire material from the supplier. All you need is to do just add the supplier from the suppliers’ module and material from the parts record module. When a user uses this module, he can create a record in the receipt record when the material is received successfully.

Creating a payment record is very simple. All you need is to add a supplier from the supplier module, link the payment to an existing order from the purchase order module.

Receiving Inspections:
It is one of the significant features of this supplier management software that gives you a clear picture of accepted and rejected orders.

Return management:
This software comes with a feature that allows you to monitor any return of the damaged products and their refund status.

Corrective/ Preventive Action:
Use the 8D or 7D process to determine the root cause of the inventory issue, designate team members, verify the root cause, and identify the improvement areas.

Non Conformance:
With the help of this software, you can manage and control all the non-conformance in one place. Right from the tracking customers’ complaints, warranty return to internal audit findings.

Importance of Integrating Supply Management Software in a Company

Every company needs an effective supplier management software like Supplier Collaboration Portal in today’s competitive world. Managing business operations manually has become a challenging task for the owners. They need the help of software that can automate their workflow.

The Supplier Collaboration Portal will make sure that the right product is delivered to the right customers at the right time. If you want to achieve 100% transparency in your inventory task, then SCP software is the perfect solution for you.

The following are the importance of using SCP software in the company.
● Decreases purchasing cost.
● Decreases production cost.
● Decreases total supply chain cost.
● Increase profit leverages.
● Increases cash flow.
● Right after-sale support.
● Help you in achieving 100% of clients’ satisfaction

We hope this comprehensive guide on the best supplier management software for companies helps you a lot. The software we have recommended above-mentioned is best-in-class and has gained huge credibility in the market because of its rich features and seamless performance. To know more about this product, you can feel free to contact HGI Business Solutions anytime.