In our competitive world, saving cost is equals to revenue generated. Purchase of goods and services costs almost 40 – 60% of the average company’s revenue (Ref: Aberdeen Research). An efficient purchase management system in place can save between 8% - 12% of the total procurement cost. In manual purchase process, it is often difficult for organizations to identify the gaps and opportunities to save cost.

CHALLENGES

• Unbudgeted Purchase
• Unthoughtful Purchase
• Emergency Purchase
• Workflow and liquidity between stock and purchase department
• Keep alerts for stockouts in inventory management
• Accurate data for stock shortage, excess inventory, purchasing requirements in your Firm
• Difficult to track replacement for damaged Stock

WHY YOU NEED PURCHASE AND INVENTORY MANAGEMENT

• Streamline, Optimise and Automating the purchase process
• Manage purchasing decisions with an accurate data
• High visibility on workflow for smooth operations
• Maximize return on your investment
• Aids to plan your cash flow
• Invoice Processing for the purchased Product
• Flexible by Integrating purchase based workflow
• Lower prices by aggressive vendor negotiation