It procurement involves both strategic and administrative responsibilities. It includes the creation and management of Day-to-day tasks may include conducting market research, negotiating pricing, establishing terms and conditions for services, resolving invoice discrepancies and communicating the status of purchases with internal customers
Purchase requisitions are usually created by operation staff who need to purchase goods or services. When handled manually, requisitions are either filled out on paper or at times, they are not created and POs are sent directly to suppliers.
Procurement solutions allow staff members to create new purchase requisitions online by selecting items from a pre-defined catalog or list of approved items. Once created, your eProcurement solution routes these purchase requisitions electronically from one stakeholder to another with little to no manual intervention, reducing the time taken to obtain approvals