Case Study: the largest pharmaceutical retailer in the country achieves 100% more new product registrations with Algonomy Vendor Link

a largest pharmaceutical retailer increases new product registrations 100% with Algonomy

The customer, the largest pharmaceutical retailer in its country, faced significant challenges in its supplier collaboration processes. These issues, including a paper-based supplier onboarding system taking up to two months and a lengthy product onboarding process with a 50% failure rate, were hindering new product launches. To address this, they partnered with vendor Algonomy to implement its Vendor Link supplier collaboration platform.

Algonomy's Vendor Link solution automated and digitized key processes, integrating with government databases and GS1 standards to auto-fill information. This reduced supplier onboarding from 1-2 months to under an hour and cut product onboarding time from 2 months to 1 week. The implementation resulted in a 100% increase in successful new product launches and a 70% faster resolution of vendor issues for the retailer.