Supply Chain – Purchasing

Purchase Order collaboration

Enhance decision-making and collaboration for purchase order management. Purchase order collaboration includes working with suppliers on POs and associated documents such as scheduling agreement releases. This involves addressing responses to order activities from both internal stakeholders and suppliers, and engaging comprehensively in the processes of order fulfillment, order modifications, confirmations, cancellations, and associated notifications. The collaboration extends to managing the return of goods and associated documentation.

Facilitate purchase order (PO) automation and enhance collaboration by transmitting POs and other related documents effectively.
Enable rapid access and responses to order activities from internal stakeholders and suppliers.
Engage in thorough collaboration on the fulfillment of orders, order adjustments, confirmations, cancellations, advance shipping notices, and relevant notifications.

Purchase Order processing

Streamline purchasing with centralized purchase order processing. This involves simplifying both automated and manual aspects of the buying cycle, from order generation, approval, and dispatch to supplier interaction and response handling, enhancing overall procurement efficiency.

Integrate and streamline the procurement process by employing both automated and manual methods for creating, displaying, modifying, and managing purchase orders.
Facilitate the creation of orders from purchase requisitions, ensure their approval and release, and dispatch these orders to suppliers via paper or electronic formats.
Efficiently handle responses from suppliers, including confirmations, acknowledgements, and notifications of shipping.

Purchase Rebate Management

Efficiently manage the entire purchasing rebate lifecycle, encompassing planning, monitoring, settling, and analyzing rebate agreements. This process aims to lower purchase costs by enabling the partial reimbursement of purchase prices and includes assessing the actual expenses involved in rebate agreements with suppliers.

Set up, track, and adjust purchasing rebate agreements based on factors like supplier, product, and business volume derived from various sources, including supplier invoices or goods receipts.
Streamline and expedite the rebate settlement process by leveraging transactional data to compute rebate amounts.
Enhance the validation and processing of rebate agreements by conducting precise and transparent audits of rebate accruals and settlement activities.
Increase profitability by accurately attributing rebates to purchases, thereby facilitating true cost determination.

Self-Service Requisitioning

Empower employees with self-service requisition capabilities, allowing them to create, manage, and track their own orders for goods and services efficiently, in line with established procurement policies. This facilitates a simplified purchasing process.

Make purchasing easier for casual users and employees through efficient self-service requisitioning systems.
Allow employees to independently purchase goods and services while adhering to purchasing policies, pricing agreements, and using preferred suppliers.
Automate and enhance control over purchasing processes through the use of catalog-driven pricing, contractual logic, and structured approval workflows.

Procurement Analytics

Procurement analytics utilizes embedded data for real-time reporting on purchases and inventories, enabling buyers to synchronize receipts and stock levels, predict material requirements, and schedule purchases accurately.

Offer comprehensive, real-time insights on purchasing expenditures by analyzing purchase orders (POs), purchase requisitions, invoices, and contracts.
Assess supplier performance in real-time by accessing data on on-time delivery, price, and quantity accuracy.
Enhance reporting capabilities by visualizing data in various chart formats and using multiple criteria.