B2B Payments

Exclusive Walmart Supplier Portal Opens Gates

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ThomasNet.com is a platform that centers on linking corporate buyers to suppliers, easing the discovery process for procurement officials. On Monday (Jan. 11), the company revealed that it is taking its digital procurement services up a notch in response to customer feedback.

ThomasNet debuted its Corporate Edition this week, a service that had only been available to Walmart and its suppliers in 2015, as part of the retail giant’s Made in America initiative to ramp up partnerships with U.S. suppliers.

[bctt tweet="ThomasNet debuted its Corporate Edition, once only available to Walmart suppliers."]

Features of the Corporate Edition of the platform include the abilities for companies to upload their list of approved suppliers, to share and collaborate with colleagues on the suppliers they work with and for buyers to invite an unlimited number of responses to their request for information, quotes or proposals from potential supplier partners.

The enhancements are an effort to increase buyer-supplier communication, the company said.

According to ThomasNet Vice President Tom Greco, making the tool available to other companies is part of the platform’s efforts to reduce friction in online procurement.

“Buying organizations have shared with us their challenges in regards to efficiency and collaboration during the supplier discover process,” he said in a statement. “Our Corporate Edition feature set addresses these challenges head on, including one that we hear about quite often — supplier responsiveness.”

Last year, ThomasNet rolled out a new service for its users allowing procurement officials to procure goods from Amazon straight from the ThomasNet portal. The tool launched as the “Buy It Now On Amazon” function, letting businesses source suppliers, goods and services from ThomasNet and seamlessly purchase and pay for that tool on Amazon Business.

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