Organizations investing in procurement technologies. Today, they are looking to use these technological tools to make more value driven sourcing decisions, in a much faster way. These enterprises want to increase their productivity, enjoy visible day-to-day transactions and make it easier for users to get the supplies that they need. Below is a look at some of the key benefits of utilizing procurement technology in a business. Technology Procurement Services helping them to continue day to day functions whilst outsourcing critical IT activities. This is particularly the case for companies that do not possess the IT resources internally to allow them to capably procure and manage their networks or network devices.
Management of all suppliers and associated costs required to operate can prove to be a daunting task. With end to end procurement, the organization can get the best value for money as well as enjoy great cost savings. Innovation, processing prowess and sourcing expertise are combined in the creation of a flexible, end-to-end source to pay solution that allows for the centralization of the operation, and delivery of results.
• Cost Reduction:-
It is possible to decrease rising business costs through the leveraging of volume. This process requires the structuring of supplier relationships, combined with the use of system improvements for decreasing external spending, while improving supplier performance and quality. Procurement technology also allows the business to decrease incidences of error, rework and paperwork in general.
• Visible Spend:-
Through the centralized tracking of transactions, a business is able to enjoy the many advantages of full reporting on requisitions, order processes, purchased items and payments made. The advantages of technology in procurement extend to ensuring compliance with established and existing contracts.
Technology allows internal customers to get the items that they need from a catalogue of approved items, through an online system for requisition and placing orders. Procurement staff is thereby no longer responsible for the task of having to process orders and handle low value transactions. Instead, they are able to concentrate on improving relationships with suppliers through strategic sourcing.
Through formal, standardized workflows and approval processes, the right level of authorization is applied to every transaction. Moreover, spending is targeted towards meeting the requirements of existing contracts. There is improved policy compliance as users are now able to find products and services fast from their preferred suppliers, which reduces incidences of maverick purchases.
• Using Technology:-
The advantages of procurement technology can only be fully realized once the processes and systems for its management have been set up. Software tools are needed to create standard procurement documentation such as electronic requests for proposal, information and quotation. These methods have been proven as being effective for sourcing products and developing framework agreements that offer the most attractive prices.
LinksPro brings together years of experience in sourcing, established relationships with suppliers and proven methodologies that are made available to clients as a comprehensive service offering. We strive to improve your bottom line, which in turn will assist the organization in improving their competitive position in the marketplace. The bottom-line approach involves a combination of price-focus and strategic category management for the delivery of optimum results.
• Types of Services:-
Our procurement services are designed to work with the individual needs of organizations. Some organizations will opt for specific solutions, while others will go for the full spectrum of options. Such services can typically be employed individually or in any combination required, with the flexibility of adding more as the circumstances of the organization change. This multi-phased approach begins with a clear understanding of the needs of the organization and its desired state. With this data, we are able to create and upon approval, implement the right strategy. Thereafter, the provider will continue to manage the end-to-end process on behalf of the organization, thereby ensuring compliance and driven continuous improvement of processes.
LinksPro can make all the difference between having a great contract from a supplier than no one uses, or a low-cost contract with a supplier that cannot deliver. We allow for the delivery of the best solution for the company - one that meets all requirements, while improving transparency and efficiency, as well as meeting the greatest goal of cost reduction. When looking for procurement services, your best bet is LinksPro with deep knowledge in specific procurement categories such as technology and travel. This specialization enables to remain updated with industry trends, and apply such knowledge to the work done for our clients.