Everything you need in a Supply Management Application
There are a thousand things to think about when managing your suppliers. You need to consider varying prices and products, shipping costs, minimum order quantities, purchase orders, and much more. With all these things to worry about, looking into a supply management application is a great idea that can simplify your online supply management.
The right supply management application can save you time, effort, and money. But how do you know which application is best for your business? Here’s everything you need and should look for in a supply management application.
First off, the best supply management solution is online. A web-based supply management application gives a great advantage in that any employee with access can log in and view all the information they need from any computer. If you used hardware, the point of access would be offline. When your application is online, it saves a lot of time and is a much more efficient method.
Using multiple suppliers is a great tool for your business. However, it becomes more complex to manage your business with more suppliers. You definitely want your supply management application to manage your suppliers, and keep track of manufacturers SKUs. It should keep track of all your suppliers and the products you purchase from them, and it should also create supplier purchase orders. This will save you a lot of time, and expedite the purchase order system.
Your supply management app should also be able to efficiently give you data about your suppliers. Minimum order quantities and order thresholds can be annoying, but an app that tracks these makes the process of dealing with minimum order quantities much easier. Your app should also give you data about your suppliers’ shipping processes. It should track shipment times, and give you information on your suppliers’ lead times, or the time it takes a product to get to the customer after they order it. Having this information at your fingertips can give you great insight into how you can improve your supply system.
Your supply management app should also definitely give you information on how your suppliers are doing. It should give detailed supplier profitability reports, which tell you which suppliers are generating a lot of profit, and which are not doing so well for you. It should provide cost reports, which show all your expenses. Both of these reports will give you the information you need to find out where your business can be improved. Your online supply management process can be made much easier with an app that has these capabilities.
One option for an app that will include all of these features and much more is the Bizelo eRetail Supply Management App! Check it out!