Beyond Supplier Portals
Supplier portals provide a quick and easy way to share PO and other information with suppliers. All ERP vendors offer a supplier portal. It’s like EDI, only less expensive.
Spend management is a complex process involving many people (buyers, suppliers, managers), part-numbers, purchasing documents (PO, forecasts, RFx, ASN), constraints (lead time, pricing, quantities) and procurement models (PO collaboration, MRP, VMI, Kanban). Besides it is subject to constant changes – new part numbers, suppliers, and contracts. And top that off with exceptions such as pricing variations, returns, early/late shipments and many more.
As with any business process it’s all about visibility AND CONTROL. Knowing is good and knowing more is not better. This is known as information overload – and today’s supplier portals offer this at no extra cost. The real challenge is controlling the process, getting results. Supplier portals cannot and do not offer anything beyond visibility. There is a huge KNOWING-DOING gap. They are a 10% solution, offering about 10% relief to your buyers, planners and suppliers.
FusionOps Spend Management offers full control of your spend process, in addition to complete spend visibility. It eliminates 60%-80% of the buyer’s workload, ensures your entire spend management is 100% compliant with your requirements and enables a more responsive process – end to end. FusionOps Intelligent SaaS technology makes it easy for customers to define how transactions must be handled, how exceptions must be detected and processed and how data should be analyzed and visualized for presentation. All of this results in a solution that works on your behalf, analyzes data on your behalf, offers recommendations and carries out corrective actions at your direction.
Supplier portals are a band-aid for Spend Management processes looking for the FusionOps cure!
