AGen supplier master in AGen in out control is a centralized database that contains comprehensive information about all the suppliers a company works with. The data may or may not include details such as supplier names, contact information, payment terms, tax identification numbers. Key Features of a Supplier Master: 1. Supplier Information Management: Stores detailed information about each supplier, including contact details, payment terms, and tax information. 2. Contract Management: Maintains records of contracts and agreements with suppliers. 3. Inventory Data Integration: Links supplier information with inventory data to streamline receiving processes. Advantages of Good Supplier Master: 1. Improved Supplier Relationships: Accurate and up-to-date information helps in managing and negotiating better with suppliers. 2. Enhanced Efficiency: Streamlines procurement processes, reducing errors and delays. 3. Cost Savings: Better negotiation and procurement strategies can lead to cost reductions. 4. Data-Driven Decisions: Provides valuable insights for strategic decision-making and inventory optimization Maintaining a well-organized supplier master can significantly enhance your inventory control and overall supply chain efficiency.
By: pang | Date: 20 Mar2025