Manual procurement processes with email-based RFQs, lost purchase requests, inconsistent supplier evaluation, lack of approval transparency, and no visibility into purchasing spend—causing delays, maverick spending, and compliance risks.
A complete procurement management system handling purchase requests (PR), request for quotations (RFQ), supplier bid evaluation, and approval workflows—from requisition to purchase order.
To streamline the procurement process, ensure competitive pricing through structured RFQ processes, maintain supplier transparency, and provide full audit trails for purchasing decisions and approvals.
Reduce procurement cycle time by 50%, achieve 15-20% cost savings through competitive bidding, and ensure full compliance with automated approval workflows and complete audit trails.