Suppliers Management​

Dhanshristi Suppliers Management system, led by successful entrepreneurs  is a technology based platform to seamlessly discount SME Suppliers’ invoices. Supplier management is a process that helps businesses identify, qualify, and work with suppliers to get the best value for their money. It's also known as vendor management.

Supplier management is important because suppliers provide the goods and services that businesses need to fulfill their promises to customers. It helps businesses: 

• Minimize risk: Ensure their connections with third parties don't create vulnerabilities 

• Reduce costs: Make long-term cost reductions 

• Improve coordination: Improve coordination, consistency, and transparency 

• Mitigate risk: Identify and mitigate supply chain risks before they happen 

• Maximize ROI: Ensure they get the most value for their money from suppliers

 

How Does It Contribute ?

Invoice discounting provides suppliers with a valuable financial tool to better manage cash flow. This allows them to sell invoices at a discounted price, receiving cash immediately rather than waiting for customers to pay. This ensures cash stability to pay for supplier operations costs, pay employees, and invest in development programs without interruption or delayed payments.

 

One of the main advantages of invoice discounting is their flexibility and control. Unlike traditional loans or credit facilities, which can impose utilization restrictions, discounted cash flow allows suppliers to use funds as needed.

 

Thus, these changes enable suppliers to make strategic decisions aligned with their business objectives without incurring additional costs or reducing costs. Suppliers can negotiate terms that suit their financial needs and profitability, making this a viable solution for small and medium enterprises (SMEs) seeking low-cost financing.

Businesses can use e-procurement systems to network with suppliers and maintain supplier relationships.