In a recent Gartner “Quick Answer” research, Gartner analysts note that “[Supplier portals] enable greater supplier collaboration around core business processes from data management, to sourcing invoice settlement to new product development, forecasting and manufacturing.” Greater supplier collaboration drives critical efficiencies, accelerates business processes, and increases supply chain visibility while reducing crucial costs.
Titled “Quick Answer: 3 Options When Deploying a Supplier Portal,” the report explores the three main choices for supplier portals, their eight major use cases, and the common obstacles and challenges when deploying a new supplier portal. While elaborating on the three major options for deploying a supplier portal, the report listed SourceDay as one of the vendors under supply chain technology-based portals.
A delay, an error, poor quality materials or a miscommunication with a supplier can have detrimental implications with ripple effects that impact the end customer. SourceDay automates the purchase order lifecycle to mitigate risk, reduce cost, and provide better outcomes for procurement teams. In our opinion, SourceDay’s key features mirror the list of supplier portal major use cases mentioned in the Gartner report:
- Supplier registration and information management
- Product development/engineering
- Supply chain collaboration
- Supply chain execution
- Quality management
- Performance management
SourceDay is the conduit between a buyer’s ERP and its suppliers. To learn more about SourceDay, contact us here.
Learn more about Supplier Portals on the SourceDay platform
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