What are the stages in procurement and how can IPS connect help with strategic procurement and tactical procurement in Singapore. As a highly experienced procurement consultant, we help identify the spend profile of an organization and its supplier base, build a sourcing strategy to ensure its business goals and requirements are aligned with the right suppliers. We help identify and consolidate business needs, assess and select suppliers and negotiate contract terms, finalise the purchase order, assist in order processing and the management of invoices.
When it comes to evaluation and selection of Suppliers, it is important to qualify the right suppliers using the best analytical tools. The audits which are done for supplier selection should be detailed, accurate, fair and transparent. IPS connect helps to select relevant suppliers with the best analytical and audit tools.
Find out more from IPS Connect.
Nowadays, every organization has to go through the procurement process.
Earlier, the conventional procurement process relied heavily on email, phone, and paper-based documents to communicate with requisitions and order management.
Here, we are going to demonstrate a graph where the procurement teams would like to see the greatest improvement in the process in the upcoming years.
Let us discuss 4 steps that could bring your procurement process to experience increased data accuracy and increased visibility.
New suppliers can get on board via web forms versus paper application where the data needs to be added manually.
Often unknowingly, employees may spend above their budget, send an order to the wrong supplier or distribute the cost to the wrong cost center or general record.
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