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Description
Procurement serves as the main avenue through which organizations engage with their external business counterparts. As both supplier and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes. While procurement teams excel in negotiating contracts, they frequently face challenges when it comes to their implementation. Traditionally, the functions of legal, procurement, supply chain, and finance have operated in a fragmented manner, optimizing their own internal processes without cohesive integration, which is further complicated by conventional ERP systems that cannot efficiently manage business rules and volume discounts across various divisions, subsidiaries, and partners. This increasing complexity in contract execution requirements leads to significant contract leakage for large organizations, creating a disparity between the savings that are negotiated and those that are ultimately realized. Consequently, organizations must reevaluate their procurement strategies to close this gap and enhance efficiency.
Description
Suppliers, transporters, and multinational corporations can efficiently send their products with an unassailable delivery record that ensures the quickest path to payment. OpenPort's innovative smart contract platform leverages cutting-edge transport management technology to capture shipment events in real-time. In emerging markets, OpenPort has established a neutral and digitized network designed specifically for enterprise logistics. The Open Enterprise Logistics (OEL) model creates a fair marketplace for transport procurement, allowing transporters to publish their rates and collaborate directly with major shippers on tenders, applicable to both smart contracts and immediate ad-hoc transport needs. Transporters receive independent, data-backed performance ratings, enabling shippers to negotiate procurement terms directly while enjoying unmatched visibility and tracking capabilities. Additionally, our system features seamless integrations that allow delivery requests from the shipper’s ERP system to be processed in OpenPort’s OpenTM (transport manager) and efficiently consolidated and dispatched through the OpenDispatch tool, ensuring a streamlined logistics experience. This comprehensive approach revolutionizes the way logistics are managed, fostering transparency and efficiency throughout the supply chain.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
EY
Country
United Kingdom
Website
www.ey.com/en_us/blockchain-platforms/contract-manager
Vendor Details
Company Name
OpenPort
Founded
2016
Country
Pakistan
Website
openport.com
Product Features
Product Features
Supply Chain Management
Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management