Mercado | Article - Online Importing Makes it Easier to Plan, Buy, and Move what you Sell

Online Importing Makes it Easier to Plan, Buy, and Move what you Sell

Online Importing Makes it Easier to Plan, Buy, and Move what you Sell

August 18th, 2021 | Article
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Today’s import supply chain tends to involve a lengthy and complicated process. Lasting an average of six months in the best of circumstances—and several more weeks during recent months—the import supply chain is getting more complex.
F rom planning to receipt, most companies are dealing with 7 different business entities, 8 departments, up to 30 people, and macro-economic factors, yet many still manage this process manually offline. Relying on email and spreadsheets, importers have grown used to a cumbersome and slow process that can hinder time-to-market and result in unforeseen costs and poor customer satisfaction.

What if there was a different way to do things? In today’s digital era, there is. Mercado is an import Order Management System (iOMS) that automates and connects the entire import supply chain to create a fully online experience from purchase to sale.

The World’s First Online Importing Platform

Mercado is ushering in the future of supply chain technology with the world’s first online importing platform. Mercado was developed with the goal of enabling importers to manage their supply chain on a single, integrated platform, making it as easy for importers to order products as it is for their customers to order from them.

Believe it or not, it’s now possible for importers to experience—and capitalize on—truly networked communication, connectivity, workflow, and automation. By connecting the end-to-end supply chain to create a digital supply chain network, importers can lay the groundwork for ESG (Environmental, Social and Governance), more advanced analytics, and resilience.

Automation: The Secret Sauce for Eliminating Inefficiencies

How is such a powerful order import process possible? Through The Mercado Method: a proprietary and proven methodology for applying automation at critical inflection points along the supply chain. The Mercado Method consists of 10 steps that cover Online Ordering, Change Control, Production Monitoring, Documents, Purchasing to Logistics, Invoicing, Payment, Clearance, Receiving, and Analytics. The “secret sauce” is using automation to eliminate inefficiency and blind spots across each of these areas.

“By connecting the end-to-end supply chain to create a digital supply chain network, importers can lay the groundwork for ESG (Environmental, Social and Governance), more advanced analytics, and resilience."

You can read his full post here
In this way, importers improve the critical first 120 days of their supply chain by connecting the sourcing, purchasing, and logistics teams. Imagine if you were able to connect with your supplier digitally, from day one, with the very first purchase order. And then, from there, you could keep communications transparent, immediate, and scalable through a single online channel. How much faster would your entire order import process be? And what would that mean for your business overall?

In this illuminating video, Mercado CEO Robert Garrison shares some examples of how automation can truly transform the supply chain and why that transformation is so necessary.

For example, in many importers’ current processes, they may manually go back and forth on a price change several times, and if proper records are not kept, that can create both short and long-term problems. Of course there will be issues when the order is received and when payment is made, but both the importer and supplier may experience more severe repercussions like inaccurate financial reporting if they’ve had an incorrect price in their system for the past three months. By using Mercado’s automated Change Log, however, importers can ensure each change is captured at the time of request and there are no discrepancies throughout the supply chain process.

That’s just one of countless ways that a digital, online platform can automate processes and streamline your order import logistics.

Simply put: Mercado makes it easier to plan, buy, and move the products you sell.

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To learn more about how a connected and automated order import platform can impact your business, book a demo or reach out to one of our pros with questions.
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Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.