Supply nation has been and is the largest , free and verified
database of indigenous businesses . They are into it for a long time now. The
venture started as a part of supplier diversity program. The people were
looking to include the underrepresented sections of the society in the business
sectors. Thus the Supply nation emerged as a platform for the indigenous
businesses to get listed and find suppliers and customers on the platform. The
process of getting listed involves filling out the form that does not take more
than fifteen minutes and then the aboriginal or the Torres descent form has to
be uploaded . Then the verification process takes another four days and finally
the business is listed. There are two types of listings , the one is
registration which is for non corporate businesses and other is certification
for corporate businesses.
The businesses after listing become the members of
the Supply nation database , which means that they have access to the tools and
training of the Supply nation .Let us consider a case study , what is it that
stops a business from expanding , of course the lack of customers . The
customers of Australia are demanding ones , they expect a lot from the
companies that do business with them. They simply want the finest quality
products for themselves. The way the indigenous businesses can achieve fine
quality products is through product development. Good quality products require
good quality components . There are the suppliers who supply good quality
components , there are lot of these suppliers who are in fact waiting to get
hold of the customers , it is not that they do not have customers , but their
capacity of production is greater than the customer base that they cater to. The supply chain has
to be streamlined . The Supply nation database itself has many suppliers that
can cater to each other because the customer for one is the supplier for the
other . Local indigenous organizations
help with pushing the local indigenous businesses for the listing on the Supply
nation.
It is not just the indigenous businesses
that are finding partners amongst themselves, but the indigenous businesses
are actively partnering with the businesses that are not indigenous. These
moves of the indigenous businesses help them get new customers and open up to new
markets. The opening of new vistas for the businesses is something that every
business desires, but it is only through tools like the supply stream that the
businesses can prosper. The supply stream gives in real time the number of the
suppliers that are engaging in the business. The indigenous business are the
ones that stand to gain immensely from the tool supply stream that connects
them in real time to the suppliers and the transactions are all digital. There
are number of ways that the indigenous
organizations can benefit from tools like these . They have to focus on cutting
down the costs and improving the quality even as they expand into new markets.
That is the way in fact they can expand
into new markets.
The partnerships with the non indigenous
businesses can be beneficial to the indigenous businesses are these
partnerships are called the first nationbusiness partnerships. The first nation business partnerships can be the
real makers of the indigenous businesses and can help them modernize and
prosper , taking them to the newer heights of success.
