The Evolving Challenge of Vendor Relations
The fashion world keeps getting faster, driven by new technologies and rising consumer expectations. As a result, supply chain management and vendor relations have become increasingly complex for fashion brands. A 2017 poll of manufacturing and retail companies by American Shipper found that 70% have at least 11 different suppliers—and up to 500.
In this extremely competitive environment, the way you work with your vendors has a huge impact on your bottom line and ability to succeed over the long term. Unfortunately, many brands have been slow to implement modern vendor communication and management tools—and even fewer have integrated these solutions with supply chain and product lifecycle management (PLM) software. If you are still spending your time tracking down the latest status information from disparate spreadsheets and handling design files with email, it’s time to stop the frustration and step into the future of fashion.
Disparate Systems Cause Blind Spots and Communication Breakdown
More than 50% of companies have PLM software in place. However, more than 70% said their digital systems are only partially or not connected at all—leaving them dependent on email, spreadsheets, and other ad-hoc solutions to fill the gaps. Companies are even more disconnected in terms of supply chain management software. More than 80% of companies said these systems are partially or not connected to other solutions.
This digital disconnect can cause big problems with when it leads to unexpected delays, empty shelves, and lost sales for your customers. But it doesn’t have to be this way. Today’s technology can provide all of the capabilities you need to permanently break down those data silos and manage your vendors more effectively than ever before.
How Exenta’s Vendor Portal Enables Seamless Communication
Exenta offers a powerful Vendor Portal as an add-on for our PLM REVO™ and ERP customers. This web-based solution brings unprecedented visibility and efficiency to your organization’s vendor relationships—helping you save time and stay competitive in an industry that is not only extremely fast-paced, but also rapidly evolving.
With Exenta’s Vendor Portal, you will be able to manage essential product information, tech packs, purchase orders, and shipment and container information in one central location. As a result, you’ll be able to:
- Automate your procurement and bidding processes
- Eliminate mistakes from disorganized emails and spreadsheets
- Improve the quality and accuracy of your samples
- Save time and simplify communications with all data in one location
- Track items throughout your supply chain
When vendor communications are centralized in Exenta’s Vendor Portal, your team can save a lot of time that’s currently wasted searching through inboxes and spreadsheets. That’s time you can re-invest in creative initiatives and customer interactions that enhance your brand and create value for your organization.
Exenta’s solutions provide excellent value because they are designed for the fashion industry, with specific features built in to optimize your vendor communications and supply chain management. Our vendor portal enables you to:
- Easily add images or attachments to note changes
- Update measurements with variances
- View costing information by vendor
- Manage large files via a central image library
- Access PO comments and revision history
- Track production, WIP, and shipment details
- Integrate seamlessly with your ERP system
- Eliminate emails with built-in messaging
Why You Can’t Afford to Wait
Fashion just keeps getting faster, and in a global marketplace your customers have more choices than ever before. Consumers expect constantly increasing speed, selection, and convenience, so the bar is continually being raised for every brand and retailer. Exenta’s Vendor Portal gives you the power to make seamless vendor communication feel effortless, so you can work more efficiently, eliminate administrative headaches, and put your organization’s focus on creating and delivering great products.
With the fashion industry being more competitive and faster than ever, it is important to have software in place to help you streamline the vendor communication process. Request a demo today to learn how Exenta's vendor portal can help your company stay ahead of the competition today!Schedule a Demo today!