Quote

Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

Negotiation

The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

Purchase Order

From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

Invoices

Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

The Invoicing solution alone will bring benefits like:

• Both suppliers and buyers can view the invoice and rest of the

  processes, i.e. RFQ, Quote, PO and payment st

  8 Steps To Effective Risk Management
  Risks are an inherent part of every undertaking. Getting up in the morning has it’s risks but we don’t think about them in a structured since, we just accept it and go on with the day. As the things we do get more complicated the number and amount of risk increases. Such is the case with most projects undertaken in the business world. Does this mean that we should ignore the risks and go on with the day or does it mean we should spend time worrying or fussing over each risk. Approaching the situation in either fashion doesn’t constitute risk management and will end up doing more harm than good, personally and professionally.A good risk management effort begins by thinking about risks in terms of them happening (probability) and damage don
  A business process is a series of specific, measured tasks performed by people and systems and designed to achieve a predetermined outcome. The processes have these important characteristics:
  1. The processes have internal and external users.
  2. They take place across or between organization’s departments or different organizations.
  3. They are based on how work is done in the organization.

  The followings are examples of business processes:

  • Mortgage application processing
  • Credit verification
  • Product development
  • Travel planning
  • Opening a new account
  • Answering to a Request for Quote
  • Shipping a product

  Companies are trying to improve their business processes using computer technology ever since it has emerged. Initial emphasize was given to enterprise resource planning. Main areas where automation was adopted were production, accounting, procurement and logistics. The next step was sales and marketing automation. Next came customer relationship management and supplier relationship management. Last couple of years we are seeing implementation of Business Process Management across the board. Companies are adopting BPM in the areas where it could make real differences. Some of these processes involve several departments of the company and some are result of real-time interaction of the company with its suppliers, customers and other business partners.

  Business Process Management

  BPM automates and streamlines the business processes which are crucial for the organization in order to improve productivity. From hiring a person to processing a purchase order, BPM helps restructuring, controlling and handling workflows involving people and systems to complete a process more efficiently.

  eProcurement and eSales

  Two vital business processes for any business are procurement and sales. Although these processes are integral parts of supply chain management, by optimizing and automating these two companies can achieve significant productivity growth even if the whole supply chain is not streamlined as yet. The solutions eProcurement and eSales will help you meet these objectives. The advantages of these solutions include:

  Direct Benefits

  • Cost Savings
  • Increased Profits
  • Improved productivity
  • Lowering overhead costs
  • Streamlining of supply chain processes

  Indirect Benefits

• Improved service levels
• Access to a large number of suppliers in a relatively short period of time
• Improvement in customer satisfaction management
• Stay competitive

If you are a small company and do not have required resources to develop or buy these solutions but eager to try out, you can use one of the several B2B marketplaces which have standard solutions integrated into their systems.

Rusbiz.com is one of them. In order to take advantage of Rusbiz supply chain management system, you have to become a member and take the following steps:

1. Register your company with Rusbiz.com
2. Add products that you sell to Rusbiz eCatalog
3. Invite several of your buyers and sellers to Rusbiz if they are not

   registered with Rusbiz.

4. Once you have a circle of your own buyers and sellers on Rusbiz you

   can start using Rusbiz’s highly sophisticated yet simple to use supply chain

   management system.

5. Go to Rusbiz FAQ and read thoroughly the comprehensive materials on

   the use of supply chain or deal management methods.

The functionalities that you will be able to use immediately are as follows:

Request for Quote

From the catalog of your Web Store, Rusbiz eCatalog or from eMarketplace – if you have added a product there – buyers can fill up a standard form of RFQ and send it to you.

Quote

Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

Negotiation

The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

Purchase Order

From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

Invoices

Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

The Invoicing solution alone will bring benefits like:

• Both suppliers and buyers can view the invoice and rest of the

  processes, i.e. RFQ, Quote, PO and payment sta

  The Business Calendar
  THE NEW CALENDARWe have been following the Christian Gregorian Calendar for almost 2000+ years now and it sure is a non standard way of counting the days, months and years as it is based on the solar year which is defined by the time taken for the earth to make one complete revolution round the sun.Now, this calendar becomes klutzy because of the fact that the twelve months don't conform to an equal number of days and also the leap year factor of Feb 29 which is necessary every four years to keep it in synch with the solar year.Why is it necessary to be in synch with the seasons for a calendar whose basic purpose is to count time? Wouldn’t it be convenient and useful if we had months of equal number of days?My simple and
  pted were production, accounting, procurement and logistics. The next step was sales and marketing automation. Next came customer relationship management and supplier relationship management. Last couple of years we are seeing implementation of Business Process Management across the board. Companies are adopting BPM in the areas where it could make real differences. Some of these processes involve several departments of the company and some are result of real-time interaction of the company with its suppliers, customers and other business partners.

  Business Process Management

  BPM automates and streamlines the business processes which are crucial for the organization in order to improve productivity. From hiring a person to processing a purchase order, BPM helps restructuring, controlling and handling workflows involving people and systems to complete a process more efficiently.

  eProcurement and eSales

  Two vital business processes for any business are procurement and sales. Although these processes are integral parts of supply chain management, by optimizing and automating these two companies can achieve significant productivity growth even if the whole supply chain is not streamlined as yet. The solutions eProcurement and eSales will help you meet these objectives. The advantages of these solutions include:

  Direct Benefits

  • Cost Savings
  • Increased Profits
  • Improved productivity
  • Lowering overhead costs
  • Streamlining of supply chain processes

  Indirect Benefits

• Improved service levels
• Access to a large number of suppliers in a relatively short period of time
• Improvement in customer satisfaction management
• Stay competitive

If you are a small company and do not have required resources to develop or buy these solutions but eager to try out, you can use one of the several B2B marketplaces which have standard solutions integrated into their systems.

Rusbiz.com is one of them. In order to take advantage of Rusbiz supply chain management system, you have to become a member and take the following steps:

1. Register your company with Rusbiz.com
2. Add products that you sell to Rusbiz eCatalog
3. Invite several of your buyers and sellers to Rusbiz if they are not

   registered with Rusbiz.

4. Once you have a circle of your own buyers and sellers on Rusbiz you

   can start using Rusbiz’s highly sophisticated yet simple to use supply chain

   management system.

5. Go to Rusbiz FAQ and read thoroughly the comprehensive materials on

   the use of supply chain or deal management methods.

The functionalities that you will be able to use immediately are as follows:

Request for Quote

From the catalog of your Web Store, Rusbiz eCatalog or from eMarketplace – if you have added a product there – buyers can fill up a standard form of RFQ and send it to you.

Quote

Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

Negotiation

The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

Purchase Order

From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

Invoices

Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

The Invoicing solution alone will bring benefits like:

• Both suppliers and buyers can view the invoice and rest of the

  processes, i.e. RFQ, Quote, PO and payment st

  Monday Morning Commute -- How To Pass The Time While Commuting To Work
  I hate working. Even worse, I hate commuting to work on Monday morning. Monday morning is the brand-new start to the work week. That means five more full days until the weekend.With that said, here's my guide to passing the time while commuting to work: Think about being able to see your colleagues again. Your colleagues and your boss are your daytime friends and, at the end of your morning commute, you will get to see them all again, just like you saw them every day last week, last month, and last year. Observe the drivers in the other vehicles. See how sad they look and realize to yourself how their jobs must be much worse than your job. This should make you realize how lucky you are to work where you do. Reme
  d sales. Although these processes are integral parts of supply chain management, by optimizing and automating these two companies can achieve significant productivity growth even if the whole supply chain is not streamlined as yet. The solutions eProcurement and eSales will help you meet these objectives. The advantages of these solutions include:

  Direct Benefits

  • Cost Savings
  • Increased Profits
  • Improved productivity
  • Lowering overhead costs
  • Streamlining of supply chain processes

  Indirect Benefits

• Improved service levels
• Access to a large number of suppliers in a relatively short period of time
• Improvement in customer satisfaction management
• Stay competitive

If you are a small company and do not have required resources to develop or buy these solutions but eager to try out, you can use one of the several B2B marketplaces which have standard solutions integrated into their systems.

Rusbiz.com is one of them. In order to take advantage of Rusbiz supply chain management system, you have to become a member and take the following steps:

1. Register your company with Rusbiz.com
2. Add products that you sell to Rusbiz eCatalog
3. Invite several of your buyers and sellers to Rusbiz if they are not

   registered with Rusbiz.

4. Once you have a circle of your own buyers and sellers on Rusbiz you

   can start using Rusbiz’s highly sophisticated yet simple to use supply chain

   management system.

5. Go to Rusbiz FAQ and read thoroughly the comprehensive materials on

   the use of supply chain or deal management methods.

The functionalities that you will be able to use immediately are as follows:

Request for Quote

From the catalog of your Web Store, Rusbiz eCatalog or from eMarketplace – if you have added a product there – buyers can fill up a standard form of RFQ and send it to you.

Quote

Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

Negotiation

The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

Purchase Order

From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

Invoices

Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

The Invoicing solution alone will bring benefits like:

• Both suppliers and buyers can view the invoice and rest of the

  processes, i.e. RFQ, Quote, PO and payment st

  The Power Of Trade Show Marketing
  How many times have you been approached to exhibit at trade shows but declined? Exhibiting at trade shows can be a very powerful marketing weapon, but only if you understand who your market is and if these people will be attending the trade show in large numbers.Knowing your target customer is one of the most important principles in successfully building your business. You must be able to describe your prospective customer in as much detail and passion as you can describe your own product or service.Once you’ve made the decision to be an exhibitor at a trade show, you need to find out who will be attending by getting a list of the registered participants from the organizer of the event. You can also get a list of former exhibitors and
  e one of the several B2B marketplaces which have standard solutions integrated into their systems.

  Rusbiz.com is one of them. In order to take advantage of Rusbiz supply chain management system, you have to become a member and take the following steps:

  1. Register your company with Rusbiz.com
  2. Add products that you sell to Rusbiz eCatalog
  3. Invite several of your buyers and sellers to Rusbiz if they are not

     registered with Rusbiz.

  4. Once you have a circle of your own buyers and sellers on Rusbiz you

     can start using Rusbiz’s highly sophisticated yet simple to use supply chain

     management system.

  5. Go to Rusbiz FAQ and read thoroughly the comprehensive materials on

     the use of supply chain or deal management methods.

  The functionalities that you will be able to use immediately are as follows:

  Request for Quote

  From the catalog of your Web Store, Rusbiz eCatalog or from eMarketplace – if you have added a product there – buyers can fill up a standard form of RFQ and send it to you.

  Quote

  Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

  Negotiation

  The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

  Purchase Order

  From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

  Invoices

  Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

  The Invoicing solution alone will bring benefits like:

  • Both suppliers and buyers can view the invoice and rest of the

    processes, i.e. RFQ, Quote, PO and payment st

    Buy A Business And Expand It Almost Overnight With This Secret Not Taught In The Business Schools
    If you are planning to buy a business some day, or if you already have one, and want to know a secret way to expand quickly without begging a bank or lender for the money, then this article will show you how.I recently did an interview about buying businesses and a guy from Florida emailed the following question in:"I have a small electronics business and am going through a huge growth spurt and need to figure out how to get financing to keep up with demand. We are growing real fast and can’t get money from our bank because they said our balance is too low. We are spending all our available cash on product purchase. We have a classic problem of too much success and no funding. We could lose some big sales for lack of capital. A
    eMarketplace – if you have added a product there – buyers can fill up a standard form of RFQ and send it to you.

    Quote

    Once you receive a RFQ, you can check, edit the form and send a quotation to the buyer.

    Negotiation

    The buyer either can accept your proposal or make a Purchase Order from the Quotation you sent to him or make a counter proposal. You in turn, either may accept the offer or send back another offer.

    Purchase Order

    From your final offer, if all terms and conditions suit him, the buyer can create a Purchase order and send to you.

    Invoices

    Once you received a Purchase Order based on it you can create an invoice and send it back. There are also payment status and shipping status tracking features integrated into the system.

    The Invoicing solution alone will bring benefits like:

    • Both suppliers and buyers can view the invoice and rest of the

      processes, i.e. RFQ, Quote, PO and payment status online.

    • Since the invoices have to match the PO automatically the matching

      problems that hold most of the payment get eliminated

    • Invoices do not have to wait to get inserted in account payable list
    • Since no manual data entry at account payable is required there won’t

      be any documental error

    Companies can really revolutionize the way they handle their business by just implementing these simple but effective solutions. However, the level of success will depend on the following factors:

    • The implementation should touch management and the departments.
    • There should be strong leadership and top-down support.
    • Both buyers and suppliers must get involved.
    • Employees should receive training in hands-on learning environment.

    Most importantly, you have to start immediately without waiting for a better time or a better solution.