Now that we know how the IT supply chain works, we will be able to understand the problems faced by Vendors, Distributors, resellers, and system integrators. 

 We have listed some of the major problems down below:

• Finding Reliable Distributors

We understand the importance of a distributor in the supply chain, but the problem is to find distributors that you can rely on. A distributor directly impacts the company’s reputation and customer satisfaction. Having unreliable distributors can lead to delayed deliveries, damaged goods, and poor customer service. All this can lead to damage to one’s business reputation.

• Maintaining Quality Standards

To make a higher profit on each sale, it is important to have lower manufacturing costs and higher selling prices. For distributors, it is crucial to get a profitable margin, as this is their main source of income. 

While looking for vendors that provide low-priced products, it is important to check the quality of the products. Low-priced products tend to come around cheap and have a negative impact on the brand’s image. 

Additionally, the quality of the products could be different than what you have ordered. This is a major challenge which is faced by this industry.

• High Competitions 

The technology industry is competitive as well as challenging, and it is same for the supply chain segment as well. After the rise of E-commerce, manufacturers and retailers are increasingly cutting off the distributors from the chain. This process is known as Supplier Disintermediation. 

Existing huge marketing platforms like Amazon, Flipkart, eBay, and many more have drastically increased the competition. This puts pressure on distributors to find better ways to offer faster delivery, quality products, easier returns, cheaper logistics, and more customized options.

• Generating Leads

Sales and revenue are the lifeline of businesses. More than 50 percent of businesses fail in the first 5 years and one of the leading causes is loss or no profit in revenue. 

 Marketing plays a crucial role in determining a business's profit margin, regardless of how good the products are, or how great the customer service is. If your marketing strategies are effective then it will have a negative outcome.

 Sales and lead generation failures will eventually affect the entire supply chain. As a result, resellers will order fewer products from distributors and distributors will buy fewer products from vendors if they do not generate enough leads.

 Due to all the challenges faced by the IT supply channels, ICT Circle has emerged as a leading platform that offers solutions to these problems. 

 We analyzed the huge gap between these channels and the problems faced by businesses and found that providing a safe platform can solve most of these problems and this is how ICT Circle was formed.

What Is ICT Circle?

ICT Circle is the world’s First B2B channel for the ICT (Information, Communication, Technology) supply chain. It is a platform for Vendors, Distributors, Resellers, and System Integrators to connect, trade, and transact.

How ICT Circle Help Businesses to Grow? 

Running a successful business is more difficult than it looks, whether it is a vendor or a reseller, every business has a different set of problems to begin with.

 We understand the problems faced by the businesses. This is why, ICT Circle offers a wide range of solutions to all the challenges faced by supply network businesses.

• ICT Assure

ICT Assure is a blockchain-based technology that helps to make the buying and selling process more efficient with the help of automated AI. This will help to handle business without any hassle. 

This feature helps businesses to handle the trade transaction without any hassle. In addition to this, there are a number of other benefits, such as:

1. Help with shipment inspection

2. Access to latest lechnology

3. E-wallet and trade finance assistance

4. ID verification

5. Logistics & analytics

• Credit Insurance 

Trade Credit Insurance is a safety net for businesses. For example, if a business sells a product and the buyer doesn’t pay them, this insurance can help to get your money back.

ICT Circle will check how risky your buyers are and decide how much they can the business at a time if the buyer fails to pay. ICT Circle will try to collect the money for you. 

In case, we can’t get the full amount back from the buyer, you get 90% amount of your loss. Additionally, we will provide you with details of the company which have a good record in trading, so you don’t face this problem in the future.

• Shipment Verification and Inspection

Shipping goods, especially internationally, involves a lot of risk such as damage, loss, or delay of goods. ICT Circle helps to reduce this risk by ensuring that the goods are properly packed, secured, and handled during transit.

Quality assurance poses another difficulty for businesses. It is surprising how often wrong or damaged goods are received at the other end. To solve this problem, ICT Circle conducts detailed inspections before shipment, to ensure that goods meet specific requirements and are received in good condition.

If you operate your business in multiple countries or are looking to expand your service internationally, then ICT Circle can help with shipment investigations and transit. Our collaboration with world leaders in the logistics and shipment industry helps to provide faster transit, cost-effective solutions, and reliable support to businesses.

• SEO and SMO Support

SEO (Search Engine Optimisation) and SMO (Social Media Optimisation) are necessary to build brand awareness and generate leads.

At ICT Circle, our team would help to generate leads by improving your business account on our websites by improving its SEO. Improving SEO helps in increasing brand visibility and bringing more traffic to your product page as well as your website.

A high number of clicks helps to generate more leads and convert them to sales. Along with this, SMO strategies will help to grow your business by increasing brand awareness and visibility on your platform. 

For example, you can broadcast ads on ICT Circle’s platform and get noticed by other vendors, distributors, resellers, and system integrators.

See This Also: How to find the Best HP Distributor in India

How does ICT Circle help the IT supply chain?

With the help of the ICT circle, businesses in the IT supply chain can get better opportunities for the business to grow. We offer a variety of benefits to support Vendors, Resellers, Distributors, and System Integrators.

To make sure that all four partners get better opportunities to build better networks, and to ensure that they can safely trade and transit, our platform is created to ensure that all businesses get better opportunities.

ICT Circle has different benefits for 

• Vendors

• Distributors 

• Resellers

• System Integrator

Let’s see how ICT Circle helps them in their business.

How Do Vendors Benefit From ICT Circle?

Vendors deal with manufacturing the products and making them better. They have a different problem as compared to the other three, that is, finding reliable distributors and managing them. 

Here is the list of benefits that Vendors get from ICT Circle:

• GTM Strategy

GTM strategy or Go-To-Market strategy is a roadmap of how a company or a business will sell its products or services to its customers. To make an effective strategy, it is important to identify the target customer, define USP(Unique Selling Point), and select the best distributions and channels.

ICT Circle’s real-time dashboard helps the business to get some insights on a wide range of data, like current trends, customer needs, and competitor insight.

• Partner Training and Recognitions

As a vendor, it is important to give proper product training to their partner for future discussion with prospects. ICT Circle will help the vendors conduct their training with mostly system integrators and distributors. 

After completion of training, the partners will be certified, which will increase their credibility. This process will help to strengthen the relationship between vendors, distributors, and system integrators and increase loyalty and brand recall.

• Branding and Marketing

Marketing is an essential part of running a business, without marketing a business cannot get sales, generate leads, and increase revenue.

ICT Circle is a platform that helps all its users with branding and marketing with the help of its banner and ads display that helps people remember the brands. 

Vendors can use this place to advertise their special offers and daily deals. So, it is a great way for vendors to get noticed and attract more customers.

• Identifying and Onboarding The Right Channel

Vendors can easily check the partners, they want to work with, on ICT Circle. They can chat with them beforehand on the ICT Circle’s chat tools and check if their interest and business goals are aligned with each other.

Not only businesses can connect, but they can also communicate and trade with them on a single platform without shifting to any other platform.

• Realtime Dashboard

Realtime Dashboard is ICT Circle’s analytics and logistics tool which gives real-time information about the inventory and how the listed products are performing on the platform. 

This information can help in planning the business strategizing which will help in getting more desired results and better cashflow for the business.