It is not just the unrelenting rise of technology, which is bringing new challenges to managing suppliers, businesses now also have to consider their social responsibilities as well. CSR is becoming an important measure of corporate values and ethics.   Businesses need to be able to demonstrate how they are managing this responsibility, particularly regarding one of their key stakeholders, their suppliers.

By putting in place a supply chain platform with portal access, your business can ensure it can cope with the digital revolution and take advantage of the benefits that it brings. At the same time you are also meeting your responsibilities towards your suppliers by providing them with more transparency regarding the status of their outstanding invoices and enabling early payment options if they require it and thus supporting their cash needs too.

I should also not forget to mention that it makes the whole purchase ledger process more efficient and cheaper to manage thus providing valuable cash savings as well.

Now is the time to consider implementing your own Supply Chain management system thus keeping your business technologically current, meeting your CSR requirements, saving costs and releasing tied up working capital in your supply chain.   You will be able to capitalise on all the benefits that digitisation has to offer.

Contact Corporate Linx today and we can quickly work with you to get your tailored programme up and running. Don’t be left behind.