oboloo Glossary

Supplier Network

oboloo Glossary

Supplier Network

A Supplier Network is a digital platform connecting buyers and sellers, streamlining the procurement process. It enables buyers to quickly and cost-effectively access necessary materials or services without having to do extensive research or deal with complicated paperwork. By creating a single, secure resource for all involved parties, companies can speed up their procurement processes and effectively control costs. Furthermore, Supplier Networks offer transparency and accountability by providing a clear path of communication between both the buyer and seller.