Supplier relationship management is an essential part of successfully running an e-commerce business. Supplier contract approval benign one of the core processes, it is necessary to streamline and enhance the efficiency of the process. The contract defines the nature of the collaboration with the retail and e-commerce business. The contract is based on several factors such as pricing, delivery schedules, quality standards, and payment terms. The process also includes multiple departments as well. This complexity in the process makes it important for a strict approval process.

In a manual setup, the process will lack a standardized and structured approval process. With a paper-based system, the process often tends to be inefficient, delayed, and non-compliant. This can lead to misunderstandings, financial loss, and legal problems.

Digitizing the process is an efficient way to enhance and mitigate the limitations in the process. This is what workflow automation does to the process. It offers a streamlined workflow path, depriving the process of limitations. This efficiency improvement makes no space for delays and errors. This significantly enhances supplier relationship management. Moreover, the process remains compliant and improves the time-to-market.