IDENTIFY
This stage involves identifying the suppliers that can meet the organization’s requirements. Intelligent Procurement can help organizations identify the right suppliers through its own supplier network.
Procurement Automation has become an indispensable process for businesses seeking to optimize their procurement functions, reduce costs, and improve overall efficiency.
At SYNAPONE Solutions, we offer innovative Procurement Automation solutions that can help businesses achieve these objectives and more.
Our Procurement Automation solutions leverage cutting-edge technologies to automate and streamline procurement processes, reducing manual effort, and increasing accuracy. This allows businesses to allocate their resources towards more strategic activities while improving overall productivity.
Our Procurement Automation is based on two of our own built frameworks called CHARM and IQNET.
The CHARM framework is designed to help organizations achieve their procurement goals by providing a macroscopic view of the procurement process. The framework is centered on the organization’s need for compliance, high visibility, and monitoring, with an emphasis on audits and reports.
The framework is designed to provide a supplier-centric view of the procurement process, which is critical to building strong relationships with suppliers and optimizing procurement activities.
This stage involves identifying the suppliers that can meet the organization’s requirements. Intelligent Procurement can help organizations identify the right suppliers through its own supplier network.
Once potential suppliers have been identified, the next stage involves evaluating potential suppliers based on a set of criteria predetermined by the organization. This includes analyzing their financial stability, quality control systems, technical capabilities, and other factors that are important to the organization.
With over 900+ negotiation techniques, our tool helps you capture the highest value during your negotiations with your supplier partners.
This involves onboarding and registering suppliers in the organization’s procurement system. This includes verifying their credentials, collecting relevant documentation, and setting up their profile in the system. Intelligent Procurement helps organizations to streamline the empanelment process by providing a secure platform for managing the same.
Track and monitor supplier performance to ensure that they meet their obligations and deliver the expected results. We provide a range of tools and analytics to help organizations track supplier performance and identify areas for improvement.
Procurement automation can streamline procurement processes, reduce the time and resources needed to manage them, and improve overall efficiency.
Procurement automation can help identify areas where costs can be reduced, resulting in significant cost savings for the organization.
Procurement automation can significantly reduce errors and inaccuracies, leading to more precise data and better decision-making.
Procurement automation can help businesses communicate more effectively with their suppliers, enhancing relationships and reducing the risk of supply chain disruptions.
Procurement automation can ensure that procurement processes comply with regulatory requirements, reducing the risk of legal and financial penalties.
Procurement Automation offers several benefits to businesses
Our Procurement Automation solutions are built on the foundation of most advanced technology platforms such as Intelligent Procurement, which enables us to deliver cutting-edge solutions to our clients. Our team of experts works closely with businesses to understand their specific requirements, and we develop customized solutions that meet their unique needs.