What’s a vendor portal? It’s your supply chain’s best friend.
A vendor portal comes to the rescue. If your supply chain is seriously ill and inefficient, then vendor portals have the best cure for it. Thanks to a streamlined and time-efficient working environment they provide, you can eliminate the majority of the risks, we’ve previously mentioned. Those, which can’t be cured, will be minimized and transformed into a less serious business risk. A vendor portal is your most trusted ally, which can help you overcome all challenges and risks associated with your supply chain.
Vendor portals concentrate all relevant information in one place, making everything accessible for all vendors and suppliers at any given moment and place. You don’t have to worry that your system is going to collapse due to an overflow of personal and financial information requests. Additionally, you’ll be able to notice potential processing difficulties and problems, especially the ones associated with the payments, with enough available time to react properly. A vendor portal is a secure online streamlined and extremely collaborative working platform, which encourages all participants of the supply chain process to submit and share all relevant information directly and in the real-time.