Using eBonding to streamline supplier relationships

Global research reveals that a lack of alignment between customers and their most important suppliers is restricting long-term value creation. The solution is eBonding gateways, where vendors electronically share information with customers, creating a quicker and more proactive environment.

This e sourcing revolution is happening right now and is the basis for MDSL’s iVendor portal which communicates directly with vendors through a centralised interface. If one of your vendors already has an eBonding platform, the portal will connect and provide more functionality. The major e sourcing benefits from the iVendor portal are:

Service Ordering

Once a service request has been authorised, an order is sent automatically to the vendor through the eBonding gateway.

Circuit tracking

When a circuit has been ordered, customers can track the progress of the order.

Tariff upload

Vendors can upload new tariffs or catalogues which are automatically updated on acceptance.

Dispute Management

When discrepancies in vendor bills are detected, a dispute case is presented for resolution and vendors can access the latest information to resolve it.

Quote Request

When a request for a quote is submitted, the vendor’s commercial representatives are alerted and quotes can be tracked to find the best fit.

Reverse Auctions

For commodity services such as leased lines, you can initiate a reverse auction – an automated online auction where vendors bid for your company’s business anonymously on-line, in the expectation that competitive pressure will force prices lower.

Procure to Pay

eBonding and e sourcing dramatically improve the procure to pay process by enabling closed-loop collaboration with suppliers, thereby simplifying fulfilment and reducing administration costs.