Today’s purchase order software is a wonderful thing. It cuts down on miscommunications, speeds processes along, and keeps companies in the ever-quickening battle to be first that everyone faces today. Better yet, with a integrated vendor platform, you have access to all your vendors at the click of a button.
Inventory management can be tough, especially for organisations that manuage perishable and/or high demand goods. Having access to your exact inventory levels and automating purchase requests simplifies procurement with no more guessing.
Having an underlying IoT system together with a workflow engine allows for POs to be automatically generated. An example would occur in the event that RFID tags are integrated with all stock. In the event that stock drops below a certain level, a workflow can be triggered to automatically request a purchase order to a specific supplier to ensure stock levels are retained at predetermined levels.
Relevant stakeholders, such as technicians, have the ability to request purchase orders. As such, having an underlying workflow engine allows for request to firstly get automated and pushed to the correct stakeholders within an organisation for approval or denial.
Integrating operational requirements with that of procurement allows for a drastic increase in efficiency leading to time savings and thus cost savings.
Have access to all your Purchase Orders in a central area with the ability to export all that information in .CSV format for bookkeeping or financial requirements. Better yet, you can manage your expenditure per project, building, facility, department and asset.
Having an inventory management platform that communicates with your procurement team notifying automatically notifying them of services and/or products that need to be purchased to ensure inventory levels stay consistent.