For small-to-medium businesses (SMBs), supplier management can be a challenge. Just consider what goes into onboarding a prospective supplier. The process requires submitting documents, filling out questionnaires, going through background screening, and more.
If you're managing this process manually, that leaves the room for error, adds delays to the process, and makes it difficult to deliver an excellent supplier experience. Technology can streamline your supply chain management (SCM). SMBs are increasingly exploring how using supplier portals can streamline operations and turn them into more effective partners. Here's a closer look at how investing in a supplier portal can be a competitive differentiator for your growing business.