What is Supplier Management in Travel Industry?

Supplier management is a multi-stage process followed by travel businesses to identify, qualify, onboard, manage and collaborate with the various suppliers or vendors for their businesses. With right supplier management module travel businesses can reduce customers’ travel spending across flights, hotels and transportation and fulfill customer expectations. It allows smooth onboarding of multiple suppliers, which minimizes the potential risk and delays related to supply. Streamlining the supplier management process helps increase travel business efficiency while improving customer satisfaction, growth, and profitability.

Improve Business Efficiency with Tutterfly Supplier Management

Take Your Supplier Management Process to the Next Level with Tutterfly CRM


Create New Supplier:

Add new suppliers within seconds with the Tutterfly supplier management module and add all the information you might require to streamline the processes. Keep the supplier list a little more detailed and insightful. Assign ownership of each supplier to individuals as a point of contact and keep track of supplier activities.


Choose Supplier Type:

The supplier management module of Tutterfly offers you an additional field where you can select the type of supplier that you are dealing with. You can create your field by going to the admin panel and adding the necessary field options to align with the supplier influx.


Upload the Supplier Rate List to Link with the Supplier:

Tutterfly allows you to attach the rate list of each supplier with ease. You can add the links to the rate list with other necessary information about the individual suppliers. It makes the tracking process smooth for sales reps who can work more efficiently.


Send RFQ and Collaborate with Multiple Suppliers:

Send RFQs to existing and new suppliers in one go and review those submissions in an easy-to-read bid comparison. The dashboard provides you with a single view of supplier responses, offers, and ratings.


Track Responses of all Suppliers:

Tutterfly supplier management helps in keeping track of all interactions with your suppliers. It allows you to create your library of all past work performed and create detailed relationship profiles for future work needed. The module allows you to collect all the responses and store them in the cloud for easy access.


Rate Suppliers:

After defining specific performance indicators, you can evaluate your suppliers periodically. The suppliers can be rated based on the quality of their service, cost, complaint history, and other important criteria.


Suppliers View Management:

Manage and share the view of the supplier dashboard by accessing the advanced sharing setting. Create a customized view of the list of suppliers and choose whether to keep it private or public.


Generate Supplier Report:

With the Tutterfly report module, you can get custom reports on suppliers and access up-to-date information to ensure accurate insights into the performance of the suppliers. Apart from custom reports, you can also access the standard reports.

Benefits of Supplier Relationship Management Software

Tutterfly's Supplier Management Module offers a wide array of benefits to its users. Some of them include:

  • Collaborate with suppliers
  • Manage suppliers' data
  • Evaluate suppliers' performance
  • Improve supplier quality
  • Establish long-term supplier relationships
  • Improve customer satisfaction levels
  • Reduce costs
  • Increase efficiency
  • Minimize price volatility
  • Improve internal processes
  • Streamline supplier relationship management process

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Frequently Asked Questions

Mentioned below are some of the practices that you can incorporate to improve supplier management:
  • Collaborate with suppliers to improve the relationship with suppliers.
  • Streamline the data of suppliers from various sources to gain meaningful insights.
  • Monitor the capability of suppliers to fulfill any requirements that might occur.
  • Identify any risks that might occur and take preventive measures to eliminate them.
Supplier management is necessary because it empowers the organization to take apt measures to control the cost, reduce potential vendor-related risks, ensure deliverability of excellent service, and get value from vendors.
Supplier management software is used to consolidate supplier data in one place, streamline workflows, reduce cost, increase efficiency and collaboration between you and your suppliers, improve customer satisfaction levels and ensure supplier compliance.
Tutterfly CRM software provides you with a complete supplier relationship management module where you can manage, monitor, and build relationships with suppliers with ease.