Procure-to-Order — Business Benefits
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This page has information on how the procurement software tools and intelligence empower requisition management teams to drive business success.
“From cutting requisition transaction costs to preventing maverick spend, the procurement software tools and intelligence empower an experienced team to accomplish its objectives.”
Cut procurement transaction costs
Quickly locate savings opportunities with requisition visibility and analytics.
Streamline requisition submission, review, and processing by leveraging intuitive self service requisitions
Reduce administrative costs and improve communication, empowered by order tracking and web status displays
Standardize requisition, approval, and order generation with reusable templates and processes
Drive policy and contract compliance
Identify and address policy noncompliance with organizational audit trail reports
Establish and manage approvals
Establish and manage approval processes by leveraging easily definable approval lists
Evaluate procurement trends
Evaluate procurement trends and successes, empowered by full procurement analytics and dashboards
Rapid corrective measures
Respond by quickly taking corrective measures with alerts, notifications, tracking, and updates
Realize supplier agreement value by preventing maverick buying
Reduce off-contract, off-catalog pricing and buying with supplier catalog, item, and pricing
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Supplier self-service
Allow suppliers to access and maintain information by leveraging self-service supplier web portal
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Ensure contract correspondence
Ensure supplier catalogs correspond to contracts, empowered by catalog management and classification
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Policy-driven requisitioning
Enable controlled, policy-driven employee requisitioning with self-service requisitioning venue
Continuous improvement and collaboration in procurement
- Streamlined requisition creation
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Streamline finding products and requisition checkout with product searches, saved lists, & item display
- Closed-loop requisitioning
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Create and approve requisitions from supplier products by leveraging closed-loop, streamlined processes
- Enhanced decision-making
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Execute quick, accurate, and informed buying decisions, empowered by performance tracking and supplier review
- Cleansed supplier catalog data
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Classify and clean supplier data for contract compliance with catalog taxonomy and publication tools
