Introduction

Understanding the performance of your suppliers is crucial for optimizing procurement and maintaining strong supplier relationships. iVendNext’s Supplier-Wise Sales Analytics report provides a comprehensive view of the items purchased from each supplier, helping you analyze purchasing patterns, evaluate supplier performance, and make data-driven decisions. This article will guide you through accessing and using the Supplier-Wise Sales Analytics report, highlighting its key features and how it can help streamline your procurement operations.

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Step-by-Step Guide to Accessing the Supplier-Wise Sales Analytics Report

1. Navigating to the Supplier-Wise Sales Analytics Report

To access the Supplier-Wise Sales Analytics report, follow these steps:

1. Go to the Home Dashboard: Log in to your iVendNext account and navigate to the Home dashboard.

2. Select the Buying Module: From the Home dashboard, click on the Buying module.

3. Locate Key Reports: Under the Key Reports section, click on the Supplier-Wise Sales Analytics shortcut.

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2. Understanding the Report Layout

Once you’ve accessed the Supplier-Wise Sales Analytics report, you’ll see a detailed breakdown of sales data by supplier. The report is divided into several key sections:

Filter Toolbar: 

Allows you to customize the data displayed by selecting specific time periods, suppliers, or items.

Chart Section: 

Provides a visual representation of the data, such as bar charts or line graphs, to help you quickly identify trends.

Data Table: 

Displays detailed information about the items purchased from each supplier, including quantities, costs, and sales performance.

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Key Features of the Supplier-Wise Sales Analytics Report

1. Supplier Performance Analysis

The Supplier-Wise Sales Analytics report allows you to evaluate supplier performance based on key metrics such as:

• Total Sales Volume: The total quantity of items purchased from each supplier.

• Sales Revenue: The total revenue generated from items supplied by each supplier.

• Item Popularity: The most frequently purchased items from each supplier.

These metrics help you identify high-performing suppliers and areas for improvement.

2. Item-Level Insights

The report provides detailed insights into the items purchased from each supplier, including:

• Item Quantity: The total quantity of each item purchased.

• Item Cost: The cost of each item, helping you analyze pricing trends.

• Sales Trends: The sales performance of each item over time.

This information is invaluable for inventory management and demand forecasting.

3. Customizable Visualizations

The chart section of the report is highly customizable. You can switch between different chart types (e.g., bar charts, line graphs) to best represent your data. This flexibility allows you to tailor the report to your specific needs.

Important Sections to Highlight

• Filter Toolbar: This section allows you to customize the data displayed in the report. Use it to focus on specific time periods, suppliers, or items.

• Chart Section: The visual representation of data makes it easier to identify trends and patterns at a glance.

• Data Table: For a detailed breakdown of the items purchased from each supplier, refer to the data table. This section provides precise numbers and metrics.

How to Use the Supplier-Wise Sales Analytics Report for Effective Supplier Management

1. Regularly Review the Report

Make it a habit to review the Supplier-Wise Sales Analytics report regularly. This will help you stay on top of purchasing trends and supplier performance.

2. Use Filters to Focus on Specific Data

The report allows you to filter data by various criteria, such as:

• Supplier: Focus on data from specific suppliers.

• Item: Track the sales performance of specific items.

• Time Period: Analyze trends over specific time periods (e.g., monthly, quarterly).

Using filters can help you focus on the most critical aspects of your procurement process.

3. Take Action Based on Insights

Use the insights gained from the Supplier-Wise Sales Analytics report to:

• Award Contracts: Prefer suppliers with high sales volumes and strong performance for future contracts.

• Negotiate Better Terms: Use historical data to negotiate better pricing and terms with suppliers.

• Optimize Inventory: Adjust inventory levels based on the popularity and sales trends of items.

Conclusion

The Supplier-Wise Sales Analytics report is a powerful tool in iVendNext for analyzing supplier performance and purchasing trends. By providing detailed insights into sales volumes, item popularity, and supplier performance, this report helps organizations make data-driven decisions and maintain strong supplier relationships.

Pro Tip: Regularly review and update your Supplier-Wise Sales Analytics report to ensure it reflects the most current data. This will help you identify trends and take proactive steps to improve supplier performance and optimize your procurement process.