With all the issues in the global supply chain, it’s never been more important for suppliers to have a solid handle on all their orders. Managing multiple different relationships with restaurants makes it hard to stay on track without making mistakes.
However, supplier management systems are making it easy to streamline these processes so that suppliers receive the most value for their efforts. In fact, the supplier management software market is projected to grow by at least 14% between 2022 and 2026.
In this post, we’ll discuss exactly what supplier management software is, why it’s growing so quickly, and how it’s changing the restaurant industry for the better.
What is Supplier Management Software?
Supplier management systems make it possible to take control of processes that are often complex. With all the tiny details that go into managing your orders, it’s critical that your operations are as efficient as possible.
Supplier management systems allow businesses to qualify, onboard, and interact with their partners – all in one central, easy to use digital platform.
This software also helps businesses across different industries monitor and track performance, making it easier to figure out if there are any issues.
These features of supplier management software drastically cut down mistakes and free up hours of business owners’ time and energy.
They can then use those resources to improve other aspects of their companies – like training employees more thoroughly, focusing on marketing campaigns, or any other number of projects.
In the next section, we’ll discuss why these systems are particularly powerful for the food industry.
How is Supplier Management Software Used in Restaurants?
Efficiency is at the core of any good supplier’s business. While the food industry has always been a bit slower to adopt digital systems, the ones that do are seeing huge returns on their investment.
Suppliers, producers, and wholesalers who are currently using supplier management software are able to complete a variety of tasks much more quickly. These include:
- Managing online ordering
- Viewing sales reports
- Maintaining accurate food inventory information
- Keeping records of suppliers & recipes
- Digitizing invoice records
Using this software reduces “second runs” because you can track every last order down to its tiniest detail.
If you’re a supplier managing multiple relationships, it can be frustrating trying to communicate with each individual partner and then having to track them down for information, payment, etc.
Our app at Choco is one example of supplier management software that gets rid of all those pain points.
It allows you to manage orders, update your catalog, promote your products, and communicate with restaurants – all in one place. Plus, Choco integrates with your ERP (no matter what you use) to erase the errors from manual order entry forever.
The results for suppliers using our app? A boost in delivery accuracy by 85%.
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“Before Choco, my ordering system was not very organized. There was no logic to it. It was very chaotic. Choco allows me to organize all the information under one umbrella, so it makes the conversation much more assertive and organized. I’m very glad to have that."