Improve order accuracy and supplier satisfaction.
Customers frequently need to address issues with their suppliers such as low software/process adoption and supplier volatility. The best way to solve these issues is through an automated e-procurement system that can be accessed organization-wide.
Purchasing software can serve as an invaluable link between branches and business units, particularly solutions that allow the ability to automate catalog management and supplier interaction.
Catalog management software enforces spending limits and allows for purchases to be limited to select vendors. Combined with increased order accuracy, it can go a long way toward solving the maverick spending problem that frequently plagues businesses. Consistent purchasing and policy enforcement across an organization allows employees to feel confident when they buy. Backing that consistency with automation creates a simplified, streamlined process that promotes widespread adoption. People can be inherently stubborn when it comes to change, but simplicity tends to win out.
With Catalog Management, your enterprise can:
- Control purchasing by limiting access to catalog items based on your corporate rules/spend limits
- Simplify the purchasing process with pre-approved vendor choices
- Encourage volume discounts through company-wide buying power
- Increase order accuracy via auto-populate and drop-down features
As for the issue with supplier volatility, software solutions such as our Enterprise Buyer Portal increase communication with vendors and enable competitive bidding between suppliers. Automating interactions with vendors saves money through lower prices and maximized discounts while providing a drastically increased level of visibility for the entire ordering process.
Supply Management suggested we can’t know what procurement will be like 10 years from now and that is true. However, we’re willing to bet it’ll involve more software than paper shuffling, and businesses can only benefit from that.