Quloi Adds New Supplier Management Module to Its Innovative Supply Chain Platform
Quloi, an agile technology firm delivering a digital collaborative supply chain platform, has added yet another formidable module to enhance buyer-supplier collaboration, visibility and supplier performance. The new Supplier Management Module is the latest addition to the Quloi platform which already offered order automation, seamless action-based collaboration, and real-time, end-to-end visibility for manufacturers and distributors.
With the new Supplier Management Module, buyers and suppliers gain seamless collaboration for significantly improved communications and transparency. Real-time visibility into supplier performance facilitates more strategic and informed decision-making which, in turn, drives operational and performance improvements. Fostered are long-term, mutually-beneficial partnerships.
In addition to these functionalities, the Quloi Supplier Management Module’s performance assessment capability enables a systematic approach to supplier evaluation through the use of a comprehensive scorecard with the focus on elevating supplier performance. Another valuable feature of Quloi’s Supplier Management Module is efficient management and access to supplier-related documentation for optimum document control. A Supplier Geo-Location search function enables manufacturers to identify suppliers in close proximity to further support efficient supplier selection.
Quloi Chief Executive Officer Matt Goker said, “The Quloi platform is always evolving with the goal to continuously advance digital transformation of supply chain processes for the benefit of buyers, suppliers, and logistics partners, as well as retailers and consumers. The launch of our Supplier Management Module will coincide with the roll-out of the Supplier Directory, which is geared towards mid-size and enterprise buyers looking to optimize their supplier relationships. It was designed to activate all supplier networks under a single platform so that buyers will have easy access to all relevant information such as storage location, facility capabilities, supplier documentation, user comments, operational ratings, product library, and key points of contact.”
Goker continued, “The Supplier Management Module takes the Quloi platform to the next level with robust functionality that checks off all the boxes required to strengthen buyer-supplier collaboration and relationships, improve quality assurance, and increase business productivity, cost-savings, and profitability. Today, businesses should have this expectation of digital supply chain solutions.”
Suppliers are an important part of the supply chain. Any issues with suppliers can greatly affect buyers’ ability to deliver to customers on-time, provide quality products, and maintain revenue flows. When a supplier fails to deliver or underperforms, it will have a downstream impact on a company’s supply chain as it relates to additional time and resources needed to recover. Because supply chain disruptions are unpredictable, having reliable, high-performing suppliers that respond to requirements, collaborate, and keep organized documentation can make a buyer’s job easier even before costly issues occur.
For Quloi, the Supplier Management Module reflects yet another milestone in its mission to deliver innovative and transformative supply chain solutions that effectively address changing market conditions and unexpected disruptions, while positioning businesses for a heightened supply chain experience.
Quloi is an agile, SaaS technology firm focused on quantified logistics solutions that transform the global supply chain management market with a USD 25.7 billion market size in 2022 and projected to grow to USD 72.1 billon by 2032 at a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2023 to 2032 and extensive logistics experience, the company is providing solutions designed to optimize the supply chain and related processes. A spin-off of the technology division of a leading global logistics provider, Quloi leverages the specialization of its experienced technology and logistics professionals to drive supply chain digitalization. In addition to its New York headquarters, the company maintains offices in India and Turkey.