SUPPLY CHAIN COLLABORATION
Close Supply Chain Collaboration with special focus on critical demands and risk suppliers
Managing volatility in supply chains has always been a major challenge. Since the beginning, SupplyOn has made it its aim to provide solutions that enable our customers to manage their volatilities through close collaboration with their suppliers.
COMPANIES USING SUPPLYON
Companies that already use SupplyOn can increase their supply chain stability very easily and with little or moderate effort by using the following established tools:
Activate tight monitoring and collaboration mode. Collect digital signals along all important Supply Chain control points and events.
- Impose usage of ASN from your suppliers & set up alerts to keep track on deliveries (SupplyOn ASN, SupplyOn ASN Monitor)
- Request confirmation for your Purchase Orders and Delivery Schedules (e.g. with Supply Chain Monitor)
- Use VMI simulation to forecast stock (VMI)
Focus on your most critical parts and suppliers
- Track available capacities at your supplier and identify constraints based on your planned demands with Capacity Tracking
- Monitor supplier financial risk and prepare to make early payments in case of cash flow problems
- Prepare backup options by analyzing feasible suppliers from recent Rfx and releasing new suppliers (Sourcing, Technical Review)
Invoices and Payment Status
Ensure transparency on all financial transactions from invoice to payment for you and your supplier to avoid unnecessary escalations and financial threats to your suppliers due to lost paper invoices or administrative hassle.
- Monitor compliance to digital invoicing process by intelligent surveillance based on received goods and fulfilled orders (eInvoicing Monitor)
- Give your suppliers full visibility on the processing status of all of their invoices via Finance Cockpit. Allow self-service for balance confirmation and dunning to reduce administrative effort for your organization and empower your supplier to act before running into financial turmoil.
And last but not least
Monitor consequent usage of digital processes by all of your critical suppliers to avoid surprising problems by local workarounds (Usage Monitor)
COMPANIES NOT USING SUPPLYON YET
Even for companies that haven’t started their full supply chain digitization journey yet, there are ways to improve the stability of their supply chain right now. The recent supply chain disruptions showed clearly that immediate action is needed.
- You as well as your suppliers´ employees need to be enabled to work from remote places, while team collaboration needs to be ensured and results must be documented on a common platform.
- If you have outsourced administrative processes there is a high risk that service centers all over the world will cease their operation and orders and invoices remain unprocessed, followed by increasing financial threat to your suppliers from unpaid invoices.
- To keep your production running, ensure transparency if your supplier is able to deliver.
We recommend to implement 3 main pillars:
Create a stable demand collaboration via a platform
Switch to electronic invoicing process to make sure your invoices are paid and financial disruptions for your company and for your suppliers due to unpaid or lost (paper) invoices are mitigated (SupplyOn eInvoicing)
Ensure delivery for most critical parts
You want to know how SupplyOn can support you through these challenging times? Simply fill out the form and we will get in touch with you as soon as possible.