Plus, e-marketplaces speed product time to market through more efficient supply chain processes. And companies can broaden their supply chain reach through dynamic sourcing, so they can source to the best suppliers available on a global basis. How Suppliers Benefit e-marketplaces can help suppliers increase sales with existing customers, expand sales channels and reduce selling costs. Plus, suppliers can practice multi-attribute dynamic trading, and can anonymously post and liquidate excess inventory without jeopardizing established prices and terms. Better yet, they can reach out to new geographies, and reduce selling costs through lower inventory requirements, improved order accuracy and streamlined electronic processes.
Suppliers can also receive payments faster through electronic payments.
They enable you to streamline your commerce processes to reduce costs, offer new services to increase customer loyalty, and create revenue-generating opportunities as financial services providers. Click here for the full story .