- Did you know there are 25 steps in every B2B transaction?
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- B2B Oustourcing Glossary of Terms
- Click here to access a glossary of common technical terms and acronyms used when discussing B2B Outsourcing
What are B2B Managed Services?
Refining business processes
Manual data entry is a time consuming and error-prone process. But B2B systems now have a much greater role to play in refining business processes.
The ability to trade electronically with partners and customers globally allows an organisation to take full advantage of market opportunities as well as introducing global sourcing and the off-shoring of appropriate elements of the business.
Improved supply chain management allows for better stock control and inventory management. Fewer stock-outs or short orders means less customer deductions and penalties and so greater profitability. You are able to move from a supply to a demand-oriented approach.
Visibility in the supply chain extends into logistics. An accurate knowledge of stock levels and the location of parts allied to an automated re-ordering and delivery system are pre-requisite of any Just-in-Time manufacturing process.
All this requires an unprecedented level of integration with the business processes of your trading partners. By acting as a ‘trusted broker’ a B2B Managed Services supplier can facilitate this process to deliver:
- Increased visibility and traceability across the entire B2B transaction
- Increased visibility across the entire supply and logistic chains
- Increased inventory visibility, reduced stock shortage and canceled orders
- Increased visibility and control over trading partner performance
- Accelerated ability to enter new markets or implement new business practices