The main process of purchasing business can be divided into the following steps:

1. Demand confirmation: determine the specific goods, services or projects to be purchased and their specifications, quantities, quality standards and other requirements.

2. supplier selection: select suppliers by means of bidding, inquiry and invitation to bid, and evaluate their comprehensive factors such as qualification, reputation, price and delivery ability.

3. quotation negotiation: negotiate with suppliers, negotiate terms such as price, delivery period, quality assurance and after-sales service, and reach a purchase agreement or contract.

4. procurement execution: according to the requirements of the agreement or contract, carry out procurement actions, including signing contracts, paying money, receiving goods, checking quality, etc.

5. supplier management: track and manage suppliers, and establish systems of supplier evaluation, assessment, rewards and punishments to ensure the stability of the supply chain and quality service.

6. Purchase settlement: after the purchase activity is completed, the settlement is made, the contract amount, invoice, quality and other contents are checked, and the payment is made and recorded.

8Manage SRM is a comprehensive procurement management system, which can help enterprises realize the whole process management of digital procurement.

transparency of purchasing process

transparency of purchasing process is one of the important goals of enterprise digital purchasing. By monitoring the procurement process in real time, the system enables enterprises to know the procurement progress and status at any time, and avoids the information asymmetry and opacity in the procurement process. In addition, the system also provides purchasing reports and data analysis functions to help enterprises better grasp the purchasing situation.

improving procurement efficiency

traditional procurement management methods often require manual intervention and are inefficient. The system realizes automatic operation and process optimization through digital procurement process, which greatly improves procurement efficiency. The system supports online procurement, automatic procurement, quick approval and other functions, making the procurement process more efficient.

reduce procurement costs

digital procurement can greatly reduce procurement costs. The system helps enterprises to optimize the procurement cost through the functions of supplier information management and procurement quotation analysis. At the same time, the system also supports a variety of procurement methods and delivery methods, which can be flexibly selected according to the needs of enterprises and reduce procurement costs.

managing procurement risks

there are various risks in the procurement process, such as supplier risk, quality risk and delivery risk. Through the functions of supplier evaluation and risk early warning, the system helps enterprises to manage procurement risks and avoid losses caused by various risks in the procurement process.

in a word, 8Manage SRM is a comprehensive and professional digital procurement solution. It is an indispensable tool if enterprises want to realize the transformation of digital procurement.