For seamless and automated vendor/supplier management, Solvoyo’s Vendor Collaboration offers cloud-based supplier scorecard and demand collaboration tools to improve supply chain alignment and visibility
Vendor collaboration is one of the key capabilities for the digital transformation of supply chain planning. To optimize value generation in your business, you need to go beyond cost efficiencies. When retailers and vendors or manufacturers and suppliers take a collaborative approach to planning, they unlock benefits from improved visibility and faster decision-making. Solvoyo platform improves visibility, speed, and productivity for retailers and vendors through end-to-end planning and integration with external systems to achieve a more resilient supply chain.
Automate vendor performance to improve digital collaboration
Solvoyo Vendor Collaboration comes with purchase order tracking and automates vendor performance diagnostics to improve digital collaboration. Real-time visibility of order status provides the ability to respond to changing conditions related to purchase orders quickly. Our AI-powered analytical models recognize the changes in the planning parameters and assumptions such as lead times and OTIF rates, adjust safety stocks, and recommend purchase orders to plan for the supply chain’s realities.
Deviations from plans, late and/or inadequate deliveries
Adjust planning parameters such as lead times to reflect operational realities and automatically adjust safety stocks accordingly
Ensure timely and in full delivery and improve supplier performance
Deviations from plans, late and/or inadequate deliveries1 of 3
Adjust planning parameters such as lead times to reflect operational realities and automatically adjust safety stocks accordingly2 of 3
Ensure timely and in full delivery and improve supplier performance3 of 3
Overview of vendor performance with key supplier metrics and details of purchase orders
Comparison of warehouses based on their on-time, in-full delivery statistics
Ability to identify PO problems through diagnostic alerts
Online collaboration allowing real-time updates on open purchase order status
Ability to compare vendors’ performance per product category or DC locations
Configurable UI to digitally integrate systems across both parties to track the status of order information such as confirmed units, confirmed dispatch dates, etc.
A simplified and automated data management UI enabling smooth product introduction and updates the existing product attributes