Managing vendors, customers, manufacturers, warehouses, storage and other third party service providers so that goods are produced and distributed in the correct quantities, to the correct locations, and at the correct time, can be an arduous procedure. Transactions require repetitive data entry. Paperwork and administration alone can account for up to 10% of the total costs of an international trade deal. And when a company places hundreds of orders with dozens of different suppliers a day, the potential for human error - and costly mistakes - is huge.
But the problem of accurate information flow is what a web-based supply management solution can solve. The Internet is considered to be a...
