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Procure to pay automation helps buyers make informed decisions by providing real-time feedback on potential supply chain bottlenecks and changes in demand.
Tune into the webinar to learn how you can leverage an industry best-practice, robust and scalable suite of tools that simplify supplier management.
Quite often the first time you hear about EDI is when one of your customers or suppliers tells you they want to cut down on the amount of paperwork involved in dealing with you!
Getting best value from the procurement process means aligning it with your business objectives. Many organisations are now realising the importance of buyer-supplier relationships in reducing supply chain complexity.
The objective is to utilise suppliers to drive down costs, improve profit margins and enhance product quality and flow.
Companies that lack supplier management capabilities are unable to realise the full value of their supply base.
Most companies come into contact with EDI following a listing with a large key customer, who've said they must invoice through EDI.
The typical reaction is - what is EDI and how should my company prepare for this development?
Is your supply chain creating bottlenecks?
Without full visibility of suppliers and their ways of doing business it’s challenging and costly to manage them.
A new generation of vendor management tools is emerging to help companies make more confident and informed procurement decisions.
By providing clean data and rationalising information flows across the value chain they are designed to simplify the management of multiple suppliers.
Companies that work closely with suppliers derive more value from them. Improving collaboration with suppliers is the key to streamlining procurement practices to lower costs, drive innovation and respond better to changing customer needs.