itim’s supplier
collaboration portals.
itim provides EDI services and a number of supplier collaboration portals to allow retailers to extend
their business opportunities, through increasing digital supplier engagement.
Benefits to retailers
Essentially our objectives is to help Retailers as follows
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To enable retailers to become ‘marketplaces’
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To ensure all engagement with suppliers is managed electronically using ‘structured documents’
and ‘structured data’. Moving away from email and PDF only communications. We believe this will
increase efficiency and effectiveness
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We want Suppliers to do more of the work on behalf of Retailers. Like providing product
information, supporting drop-ship capabilities and doing where appropriate ‘vendor managed
inventory’.
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We want to help Retailers to be able to do new product launches faster, including taking sales
ahead of stock
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We want to allow retailers to drive sales with minimum stock investments – for example using
consignment stock models with suppliers
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We can allow suppliers to set up promotions
Benefits to Suppliers
We think there are also benefits to Suppliers in using our collaboration Portals
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It will allow suppliers to build/upload product catalogues with rich product information to send
to retailers – speeding up routes to market
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It will allow suppliers to digitally upload invoices
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Suppliers can send quotes and receive and view Purchase Orders – as they are raised
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Suppliers can see matched invoices and will be able to get access easily to Supply chain finance
through invoice discounting
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The payments hub will allow overseas suppliers to get funds transfers from retailers at much
lower costs
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Suppliers will be able to offer drop-ship services
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Suppliers will be able to offer consignment stock, and the portals will allow them to do vendor
managed inventory.
Here are the portals we provide
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Invoice Hub
This allows retailers and suppliers to share and exchange Quotes, Purchase Orders,
Delivery Notices, Invoices – by entering them through a portal as opposed to using EDI
services.
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Data Hub
If you want to become a market place and sell products online that your suppliers
provide, one of the hindrances to this process is the ability to capture rich product
information quickly and easily. The Data hub allows suppliers to upload a data catalogue
and allow any retailers to download product details and digital assets very easily.
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Didos Portal
If a retailer uses Itim’s invoice matching product Didos, then this allows Suppliers to
se the status of their invoices, for both to raise and track queries.
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Stock Hub
This allows suppliers to provide ‘consignment stock’ to retailers and allows them to
manage stock within a retailers presence through a portal. Essentially this portal
facilitates for the supplier a ‘vendor managed inventory’ model.
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Payments Hub
This allows retailers to optimise their supplier payments process. Using innovative Block
Chain technology, Itim offers advanced invoice matching, using online supplier portals
and cheaper FX transfer mechanisms to considerably reduce transfer charges (particularly
incurred by overseas suppliers).
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