Sciqus Infotech | Self-Service Portals for Smart Workplaces
Nowadays most teams that deal with suppliers or vendors are struggling to keep up with the increasing volatility of market and top the race with their competitors. But, most of these organizations are still stuck with the older, legacy ERP systems that pulls them back from the rest. Whether it’s an old legacy ERP software …
Benefits of Establishing an E-Procurement Process Read More »
The quality of our relationships with our suppliers can determine or destroy the success of our supply chain. This fact will become even more apparent in coming years. How quickly can you incorporate new products and providers in the face of confusion? Can you trust the accuracy of your data while overcoming market changes? If …
Even if the provider is responsible for the day-to-day management of a particular product or service, the organization is responsible for all compliance requirements. Third parties can help organizations reduce costs, improve revenue, and improve product quality. But a successful vendor relationship doesn’t end once you negotiate an honest price for a vendor’s product or service. By fixing an outsourcing process and …
How Reduce Risk When Outsourcing Key Activities to a Vendor Read More »
Vendors/suppliers are pivotal to insure the proper procurement of products and services for your business. Proper supplier management practices contribute to better connections with your suppliers/vendors. Working in sync with suppliers/vendors helps you fulfill your tasks and achieve success briskly. Immaculately, effective supplier management solutions aim for a win-win situation for both you and your …
What value does the procuring bring back to the table? I am not referring to the need to purchase goods and services, nor to the compilation of guidelines and standard operating procedures that govern it. I mean you and your teammates. How important would C Level executives say that their procurement team is important to …
Vendor or supplier portals as some call them, have been around for many years, but have recently become an indispensable technology for vendor management. From sourcing to accounts payable, a supplier portal provides an essential platform for parties to communicate, collaborate and transact 24/7 from anywhere in the world. In difficult times as pandemics, vendor …
What are the Stages of Vendor Management System? Read More »
Supplier management software is a necessity for any organization that has a risk-based approach for handling the vendors and other third parties. These applications centralize information, automate workflows, and deliver action-oriented reports that are used to manage risk, increase performance, and ensure vendor compliance. However, when it comes to choosing vendor management software, there is …
What Is Vendor Assessment? Vendor evaluation is an assessment and approval process with which companies can find out whether potential vendors and suppliers can meet their organizational standards and obligations after the conclusion of the contract. The main objective is to secure a portfolio of first-class, low-risk vendors and suppliers. Vendors and suppliers provide both …
Is it possible to optimize a company’s expenses without hiring new employees or investing heavily in IT? Is there a way to make procurement processes like supplier onboarding, contract reviews, and document sharing seamless and streamlined? Can we avoid costly invoice processing and manual data entry errors? The solution is, yes, you can, and procurement …
In today’s world of e-procurement, many of us and businesses don’t realize how easy our lives could be when making a simple (but very important) decision. Understanding how a supplier portal integrated with ERP can make your company’s procurement process much more streamlined, more automated, and more efficient is the first step in understanding why …
For anyone in the procurement business, manually managing a supplier database is often a time-consuming process. Entering data, tracking vendors, updating promotions, etc. can often be frustrating and can cause unnecessary risks, mistakes, and oversights. On the other hand, the entire procurement process with the help of a supplier portal is usually more fluid, more …
For small-to-medium businesses (SMBs), supplier management is often a challenge. Have you ever thought about what goes into onboarding a prospective supplier? The method requires submitting documents, filling out questionnaires, browsing background screening, and much more. If you’re managing this process manually, that leaves room for error, adds delays to the method, and makes it difficult to deliver a superb supplier …
Vendor Portal: Competitive Differentiator or Must-Have Offering? Read More »
In today’s fast-paced and interconnected business landscape, maintaining strong relationships with vendors is paramount for success. To facilitate seamless communication, efficient collaboration, and streamlined operations, many businesses are turning to vendor portals. These digital platforms offer a plethora of benefits that not only enhance vendor interactions but also contribute to overall business growth. In this …
