Deals: In HubSpot, a deal represents a potential sale that is tracked through various stages of your sales process. Deals are tied to a pipeline, allowing you to monitor and manage the progress from prospect to close. You can have multiple deals associated with a company or contact at the same time, each representing a unique sales opportunity. For example, if you're selling manufacturing equipment and IBM orders 10 units, you create a deal in HubSpot to track that specific sale.
Orders: Orders, on the other hand, are primarily part of Commerce Hub. They track purchases made through e-commerce platforms, and the order object is used to manage the details of a transaction after it's been made. Essentially, deals track opportunities before they are won, and orders track the details of completed purchases.
Workaround for Integrating Purchase Orders (POs) to Supplier Companies: Since there isn’t a built-in feature for vendor management or purchase orders in HubSpot, here are a couple of workarounds:
The ideal solution would be to create a custom object for Purchase Orders. This would allow you to structure POs in HubSpot and associate them with the supplier companies. However, custom objects are only available in Enterprise Hub. If you're on a Starter plan, this might be cost-prohibitive.
Option 2: Use a Separate Pipeline for Vendors
If custom objects aren't an option, you can use another pipeline within Deals to track your POs or vendor relationships. It might get a bit messy, but you can create custom deal properties such as "Deal Type" to distinguish between sales and supplier-related deals. For example, you can segment deals into two types: Sales and Suppliers. This approach can work if you're a smaller organization or if you don’t need a highly complex vendor management system.
Option 3: Custom Properties at the Company Level
You can also create custom properties on the company object to segment your suppliers from your customers. By adding a custom property to label the company as either a "Vendor" or "Customer," you can easily filter and manage these segments within your CRM.
Since HubSpot doesn’t have a standard vendor management feature, this solution might depend on the specific needs of your business and how you’re using HubSpot. I hope this gives you some direction.
Deals: In HubSpot, a deal represents a potential sale that is tracked through various stages of your sales process. Deals are tied to a pipeline, allowing you to monitor and manage the progress from prospect to close. You can have multiple deals associated with a company or contact at the same time, each representing a unique sales opportunity. For example, if you're selling manufacturing equipment and IBM orders 10 units, you create a deal in HubSpot to track that specific sale.
Orders: Orders, on the other hand, are primarily part of Commerce Hub. They track purchases made through e-commerce platforms, and the order object is used to manage the details of a transaction after it's been made. Essentially, deals track opportunities before they are won, and orders track the details of completed purchases.
Workaround for Integrating Purchase Orders (POs) to Supplier Companies: Since there isn’t a built-in feature for vendor management or purchase orders in HubSpot, here are a couple of workarounds:
The ideal solution would be to create a custom object for Purchase Orders. This would allow you to structure POs in HubSpot and associate them with the supplier companies. However, custom objects are only available in Enterprise Hub. If you're on a Starter plan, this might be cost-prohibitive.
Option 2: Use a Separate Pipeline for Vendors
If custom objects aren't an option, you can use another pipeline within Deals to track your POs or vendor relationships. It might get a bit messy, but you can create custom deal properties such as "Deal Type" to distinguish between sales and supplier-related deals. For example, you can segment deals into two types: Sales and Suppliers. This approach can work if you're a smaller organization or if you don’t need a highly complex vendor management system.
Option 3: Custom Properties at the Company Level
You can also create custom properties on the company object to segment your suppliers from your customers. By adding a custom property to label the company as either a "Vendor" or "Customer," you can easily filter and manage these segments within your CRM.
Since HubSpot doesn’t have a standard vendor management feature, this solution might depend on the specific needs of your business and how you’re using HubSpot. I hope this gives you some direction.
