Get a Significant Competitive Advantage through B2B Sourcing Platforms in Retail :-

If given the choice of more product options, quick speed to fruition, or more flexibility in your procurement process as a whole, which would you pick? If you go with speed, then you’d expect to lose some flexibility due to standardized regular processes. If you choose more produce choices, then you’d expect to give up on speed due to a need to identify a lot of suppliers and materials. If flexibility is something you are going to choose, you can expect to have less number of options due to the higher  timeliness of other two processes in B2B sourcing platform.

 

But what if you didn’t have to sacrifice any of these procurement processes? What if the solution to address this complicated yet one of the most important process were already available? What’s exactly holding you back from diving in?

 

According to a recent supply chain survey, retailers, wholesalers and manufacturers have shared that the core priority in their supply chain and sourcing moving forward is product quality. Additionally, that same survey shows us that the major forces changing their supply chain management were growth, competition and newer technologies. This shows that the industry recognizes the requirement to compete on the technological level, and for being a top tier retailer, the quality component is most important key to captivating consumers and maintaining their brand loyalty.

 

B2B networks for sourcing and supply chain

 

So, which technology actually enables competitive alignment? It’s the concept and abilities that come with B2B networks like Trademalaysia.com as they pertain to sourcing and streamlining supply chain mechanism. Through a network format like TradeMalaysia, suppliers and sources are no longer limited to the age old sourcing flow they had before. With an extensive number of new supplier relationships available, pricing on various materials becomes competitively leveraged, and a lot more options are available.

 

With digital procurement platforms, speed to market improves significantly, seasonality can be distributed into more product families, and retailers can rule the top trends and react fast creating resiliency in their product portfolio. When technology enables the sharing of a detailed product information instead of waiting for number of days just for a sample to ship around the world, the  process is expedited, and now sourcers can see product details digitally on one single B2B sourcing platform along with credibility of the supplier based on their supply history. 

 

TradeMalaysia, a technology provider in the B2B supply management space is enabling these exact features in their current offering through their website www.trademalaysia.com . Through B2B networks and smart digital design, TradeMalaysia brings these capabilities to life to give retailers and wholesalers smart digital tools to master their craft.

 

B2B marketplaces

 

Today in the era of modern technology, suppliers can leapfrog their business forward. By moving forward from archaic business practices and putting the feet first into the deep end, retailers and wholesalers can get significant advantage of the expediency digital supply platforms can bring, and improve the profit margins of the products that make a cut it into stores by leveraging the benefits of digital B2B networks.