Formerly, procurement professionals used a wide variety of tools to support their sourcing and procurement processes – spread sheets, email, interactive voice response and legacy software applications. As the sourcing landscape shifted due to a variety of factors, such tools became out-dated. No longer able to support the way that procurement pros work today or even ten years ago, these tools no longer work for them.
Having a procurement software solution that is native to cloud, mobile and touch technologies means that users can access it anywhere, anytime and on any computing device – laptop, tablet or phone. Here are some of the reasons of why you should be having procurement management software: Better Standards for Suppliers: Supply chains are complex and over-complicated. It’s no wonder that many suppliers find it difficult to meet the exacting requirements of their customers. Businesses need the right tools in place to make sure they get what they want and expect when working with suppliers. Proven Best Practices: A procurement automation software is the best way to manage all your procurement needs. Without it, you are at risk for making costly mistakes that can put your business in serious financial jeopardy. Procurement software helps you keep track of all your suppliers, ensures compliance with government regulations and ensures that you are getting the best deal possible. Save Time - Procurement software speeds up everything from finding new suppliers to managing existing ones by automating tedious tasks so that you spend less time worrying about them and more time focusing on what is most important: growing your business. Boost Savings - Procurement software can also help businesses to streamline their procurement processes and reduce costs. This is because it allows companies to set up standard contracts with suppliers, which reduces the time taken by each supplier to submit quotes or proposals. It also means that there is a greater degree of predictability in terms of what will be supplied and at what price.
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