Buyer Information: Benefits

The VerticalNet Private Supplier Network (PSN) is a sourcing and procurement application that provides a web-enabled channel for conducting business with your suppliers.

With a Private Supplier Network you can:

• Reduces procurement costs by generating detailed RFQs, simplifying order placement with any of your current suppliers and reducing the time it takes to complete an order.
  
  
• Connect with new qualified suppliers who are already in our databases if you choose.
  
  
• Reduce unauthorized buying activity - PSN ease of use and consolidation into one application allows all specifiers and buyers to source using the PSN.
  
  
• Shift spend to your preferred suppliers to take advantage of the inherent benefits.
  
  
• Build stronger relationships with your preferred suppliers
  
  
• Streamline supplier communication - Using built-in search and RFQ tools, you are able to select and source detailed products and services from your suppliers…securely and electronically.
  
  
• Ensure a rapid implementation - VerticalNet hosts, manages, and secures your Private Supplier Network, eliminating your company’s need to maintain and support the application, databases and web-servers.
  
  
• Take advantage of ongoing product enhancements and ability to connect with multiple procurement applications. Your business will have the opportunity to take advantage of enhanced features and functionality in future versions of the Private Supplier Network.