Procurement /Purchasing

Business Intelligence Software for Procurement/Purchasing

The process of procurement is often part of a company’s strategy. That is because the ability to purchase certain materials will determine if operations will continue.  An organization will not if it’s price of procurement is more than the profit it makes on selling the actual product or service.  Making the process of preparing and processing demand of goods with receipts, approval and finally payment is complex.

Now the budgeting and procurement/purchasing function can:

  • Quickly identify the company’s needs
  • Research suppliers and look at their competition
  • Determine suppliers requirements such as:  Make-buy, multiple vs. single suppliers, who can provide the required product/service
  • Identify suitable suppliers for quotes, proposals information or tender
  • Provide the most accurate information to negotiate pricing and payment terms
  • Analyze suppliers performance on quality of materials and the ability to provide goods on-time and in-full
  • Compare all financing options

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