How Procurement helps

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Procurement Management Software System

  • Identify the goods and services to procure
  • Complete Purchase Orders and issue to suppliers
  • Agree on delivery time frames and methods
  • Receive goods and services from suppliers
  • Review and accept the items procured
  • Approve supplier payments
  • Identify supplier contract milestones
  • Review supplier performance against contract
  • Identify and resolve supplier performance issues
  • Communicate the status to management

Requisitions

  • Creation of a purchase order with line items to be fulfilled by a vendor. Automated Sending via Email.
  • Vendor Follow Up – follow up with Vendors to Confirm Purchase Orders
  • Receiving of Goods or Services – Maintaining a physical inventory of goods. 
  • Financial Settlement – Creation of financial and/or inventory related transactions as goods are physically received. 
  • Supplier Portal 
  • Historic data and price comparison of items procured.

Operations

  • Central Repository
  • Suppliers
  • Procurement packages
  • Trade master
  • Transactions
  • Procurement Request
  • Purchase – Orders – Status – Details – Pending orders – Closed orders
  • Reports
  • Purchase Summary Supplier
  • Purchase Summary Contract
  • Supplier Statement Export.etc