Digital Innovation Strategy
Himatsingka Connect is a supplier portal that has helped the group increase its efficiencies in inventory planning and vendor management. The portal provides a business communication platform that facilitates purchase order confirmation, advance shipment notice, invoice confirmation, payments and account balances.
The portal is connected to the DMS and also has a message service on which all the vendor communications and documents are stored for easy access and audit at a later point in time. Vendor can review and accept the purchase orders on the portal and also send advance shipment notice. This ensures that there are no communication gaps between vendor and procurement team.
The portal also increases the brand value of the group in the supplier community as it helps the suppliers to have their accounts reconciled in a hassle free manner and also facilitates the online monitoring of their shipments, open purchase orders and open invoices. The solution is also scalable to have vendor evaluations, inventory management at vendor location, and other related processes.
The solution is seamlessly integrated from PO to payment, has better inventory management and faster goods receipt at the plant, enhances supplier satisfaction and has better pricing advantage. It also helped the company improve communication with vendors with audit trail, and has an inbuilt document management system. With this project, the company effectively turned paperless with increased process efficiency.