Business Management White Papers
4 Ways to Automate and Improve Your Buyer/Supplier Relationship
Overview Globalization and digital technologies provide tremendous opportunities for companies operating in business (B2B) markets. There are many strategies companies are employing to try to automate the demands of business communication to make it more efficient, reliable and profitable. Manufacturing businesses have created trading relationships based on communication channels which include: face-to-face contact, telephone calls, faxing, mail and email. Each of these communication channels affect how a customer or supplier responds and the strength of their relationship. There are four primary ways to improve the relationship between buyers and sellers including 1) Simplified document sharing 2) Distribution of Request for Quotes (RFQ's) and the ability to process RFQ's efficiently 3) Distribution of purchase orders to suppliers in a centralized manner 4) Receipt of purchase orders in a consolidated manner.
| Publisher | MIE Solutions | File Format | |
|---|---|---|---|
| Date Published | August 2008 | ||
| Format | White Papers | ||
| Topics | |||
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