VendorSite is unique in that it helps both manufacturers and their suppliers streamline and automate their business processes by seamlessly sharing information through the Internet.
The following are some of the tangible business benefits VendorSite can deliver to your supply chain:
Before VendorSite
- Material requirements mailed to suppliers once per week and updated daily by phone calls or faxes
- Difficult for suppliers to commit to material requirements
- Suppliers have difficulty identifying critical action items from all the updates
- Manufacturers and suppliers burdened with high VAN charges
- Manufacturers have no advance knowledge of late deliveries from suppliers
- Paper-based PO’s and invoices cause time-consuming reconciliation and payment
- Non-EDI suppliers rarely submit Advance Shipment Notices (ASNs)
- Suppliers rarely use bar-coding for supply shipments
- Manual processes and re-keying results in data errors
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With VendorSite
- Material requirements instantly available to suppliers via the Internet with updates happening in real-time
- Suppliers commit to materials requirements with only a mouse-click
- Suppliers can see prioritized list of action items at any time
- Manufacturers and suppliers can eliminate VAN charges
- Manufacturers automatically informed of possible late deliveries from suppliers
- Electronic PO’s and invoices enable automated reconciliation and payment through Evaluated Receipt Settlement
- ASNs automatically generated for each supply shipment
- Manufacturer-specific bar-codes automatically generated for each supply shipment
- Automated processes eliminate data errors and costly mistakes
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