Benefits of being on the Science Warehouse Network…
- Buyers have a single eMarketplace to visit rather than several different Supplier websites
- All purchases go through a single controlled channel
- Preferred Suppliers are highlighted, so off-contract/maverick spend is reduced and even eliminated
- Hosted catalogues, PunchOuts or structured RFQs are utilised instead of phone calls, faxes and intermittent emails
- cXML integration for orders and invoices – consistent instant order feeds on approval
- Immediate invoice matching for Buyers means that Suppliers are often paid quicker
- Product and service information, availability and pricing are maintained by Suppliers, not manually keyed by Buyers
- Significant reduction in errors and downstream matching issues when the right product/service is purchased at the right price, at the right time
- One formal business process to support many Buyers, instead of variable informal ones per Buyer
- One channel to sell through instead of many erratic ones for the same Buyers
Customer Service / Account Management
- Contract compliance and best practice
- Cost and resource involved in procurement is reduced, allowing Buyers and Suppliers to concentrate on targeting/eliminating maverick spend and increasing compliance and preferred Supplier throughput
- Suppliers and Buyers benefit from increased Buyer visibility, compliance to contracts, process efficiency, quicker payment and fewer issues/exceptions
New Business Opportunities
- Procurement administrators are pushed towards the Supplier Network when they are looking to engage with new Suppliers
- Increased visibility within a Buyers’ eMarketplace and searchable products and catalogues means many Suppliers gain new business from within an existing account
- Suppliers benefit from greater visibility with new Buyers and the ability to be up and running quickly with new Buyers
Register on the Science Warehouse Supplier Network
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