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supply chain

How to identify weak points in your supply chain

The supply chain is the network that connects a company and its supplier to their customers – simple! However, the bigger the company, the more activities, people, entities, information, and resources are involved. This can make supply chains complicated, although alternatively, local businesses will have less complex networks. Optimising the supply chain will lead to lower costs and improved production cycle speeds, so all businesses should look to identify weak points in their supply chain – here are three key areas to consider when looking to improve your supply chain.

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supply chain

How to identify weak points in your supply chain

The supply chain is the network that connects a company and its supplier to their customers – simple! However, the bigger the company, the more activities, people, entities, information, and resources are involved. This can make supply chains complicated, although alternatively, local businesses will have less complex networks. Optimising the supply chain will lead to lower costs and improved production cycle speeds, so all businesses should look to identify weak points in their supply chain – here are three key areas to consider when looking to improve your supply chain.

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Do’s and don’ts of forming a supplier partnership

One of the key decisions any company will make is selecting a new supplier. Good relationships with suppliers can lead to reliable services and increased sales volumes, whereas poor relationships may result in dissatisfied customers, missed opportunities, and even business failure. The last thing any business needs is an inability to bring in enough revenue to cover their expenses, so selecting the appropriate partnership, and forming a working partnership is vital. Here are a few do’s and don’ts when forming a partnership with your new supplier. 

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Everything you need to know about cloud

Digitisation has the power to improve the supply chain by increasing the value of services. A fresh viewpoint is required for digital technology to provide new supply chain opportunities. Organisations should rethink the supply chain as a digital supply network that connects people, information, and finance as well as physical product and service flows. People and data, as well as resources, goods, and supplies, must travel together across the extended organisation in an abstract sense.


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B2B rebates

A Beginners Guide to B2B Rebates

Business-to-business rebates, or B2B rebates, are rebates a seller pays to customers or buying groups. They are popular because they add value to both buyers and sellers, as the buyers get a better price, and sellers create a loyalty incentive. This leads to collaborative goal setting and growth, which is great for everyone! 

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Special Pricing Collaborations Explained

Manufacturers and distributors must have as smooth a relationship as possible to guarantee that inefficiencies are rapidly corrected, processes are aligned, and communication is open and regular. This is especially true when a collaborative arrangement between a manufacturer and a distributor to supply products to a certain market segment at a discounted price has been made. These agreements are otherwise known as special pricing collaborations.

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The potential consequences of inaccurate rebate accounting

Accounting is an essential business practice for all businesses, big and small. Often, key people in businesses don’t have the know-how or experience to manage their accounts, and why would they? They have expertise in operations, sales, marketing and much more.

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Why rebate management is important for the public sector

Most organisations that are controlled by the government provide services to their citizens. Whilst many of these services are there for the benefit of the people and are often free, there is still an obligation for them to be undertaken efficiently, accurately, and without mistakes.

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Rebate Terminology Guide

A rebate is a trade discount that suppliers use primarily as incentives to encourage an increase in sales. They are sometimes referred to as supplier incentives, vendor incentives, channel incentives, special pricing agreements, bonuses, and retroactive discounts. Here are a few key terms and their definitions that will help your understanding of everything related to rebates.

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Retail rebate management explained

The sale of goods to consumers may appear simple on the surface, but when you delve down deeper into the processes involved in sourcing products, negotiations between buyers and suppliers, contract handling and rebate claims and payments, the truth is there is a whole lot more to retail rebate management than meets the eye.

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