Historically, supply chain relationships have been built on trust, but in today's world with large globally dispersed, multi-tier supply chains and the need to evidence compliance, trust is no longer enough. Through Segura, you can achieve full visibility, validation and control over your entire manufacturing supply chain. You can now efficiently manage all orders and track fulfilment, in one place, ensuring your suppliers are both ethical and sustainable.
Order Manager enables you to process, view and manage all orders within your supply chain. At any moment, you can track where your orders are, by capturing and processing the transactional data between you and your suppliers, together with the status of your orders. This therefore delivers full visibility and validation of your multi-tier, global network and all of the orders that flow through it.
Through Order Manager, you can confirm that your ethical and sustainable suppliers are the ones receiving your orders and minimise the risk of unauthorised subcontracting. With Order Manager you can create assets, manage approval cycles and much more; the power is in your hands.
With today's complex multi-tier global supply chains, speed-to-market, it is much harder to obatin visibility. Our unique order based validation and reporting ensures that you can drive ethical and sustainable compliance, with a transparent view across all suppliers. Speed to market has also become harder to guarantee, businesses are often faced with late deliveries or other supply chain disruptions. Knowing where your products are made and shipped from, holding that data centrally and having the ability to report on it, can be hugely beneficial to preventing and mitigating any disruptions.
According to ELEVATE, experts estimates suggest that anywhere between 40-60% of vendors and factories in China subcontract without prior authorisation, therefore retailers and brands lack control when supplied with products of inferior quality or counterfeit items. The ability to track where your products are, who is making them and who is supplying the components can help you to identify these unauthorised subcontractors who may be supplying products of inferior quality, before it's too late.
The competitiveness of the retail industry can make it financially challenging; many brands and retailers have been reviewing and cutting costs to be able to offer the lowest price possible. It is vitally important to ensure that nominated suppliers are fully utilised (this can also have a big impact on the rebates collected, without a centralised database managing and tracking your orders, you could be leaking up to 85% of rebate).
Segura automatically onboards and registers your suppliers, your purchase orders are then sent through Segura directly to your suppliers. You then have full visibility of all of the orders your supplier makes to their suppliers.
Segura also monitors your suppliers' orders to their suppliers, and reviews, accepts or rejects, before they are able to dispatch the order. Segura captures changes to your purchase orders as well. Through full supply chain visibility of all orders, confirmed suppliers and order volumes, Segura is able to drive compliance with your suppliers accurately.
BRAND IMAGE & REPUTATIONThrough mitigating supply chain risks, preventing supply chain disruptions and managing legislative compliance, you are protecting your business' image and reputation and with the rise in today's conscious consumer, this is incredibly important. Research by Julia Hartmann and Sabine Benoit suggests that consumers do not differentiate between members of the supply chain when it comes to poor supplier behaviours. Instead, they hold the focal firm responsible for everything that occurs in the supply chain and this could result in bad word-of-mouth or even boycotting in some cases.
Not only can our platform be financially beneficial to business through risk mitigation but confirmed suppliers and order volumes means that brands and retails can accurately calculate rebate entitlement and gain access to increased volume discounts in the future.
SPEED TO MARKET
By locating your suppliers you’re able to build effective contingency plans, should a supply chain disruption occur and the ability to track your products in real-time gives you the power to implement this contingency plan before it's too late. This ultimately results in minimal disruption - keeping your speed-to-market a competitive one.
Risk MitigationThe confirmed location of your suppliers gives you the power to mitigate supply chain disruptions and build effective contingency plans should a natural disaster or other supply chain failure occur. By doing this, you can ensure minimal disruption to your operations and keep your speed-to-market competitive.
PRODUCT QUALITY & COMPLIANCE
Unauthorised subcontracting often occurs unbeknown to retailers and brands, therefore lacking control when supplied with products of inferior quality or counterfeit items. With production tracking and the ability to identify where your products are you can avoid being supplied with these poor-quality products.
REPORTING & ANALYTICS
Underpinning each module is the Segura reporting & analytics tool, which gives you a single version of the truth. This powerful functionality allows you to review and understand every element of your entire global supplier and sourcing network whilst identify opportunities for improvement.