Every Small and medium size companies have the liberty to get their procurement process under their sleeve when they make supplier contracts. You can get done with your purchasing process automatically. It is always important to send Request for Quotation (RFQ) to all your suppliers. On the basis of the quotations, you can select the right supplier and sign contracts. With SAP Business ByDesign, you have everything you need that includes sourcing functionality. Hence SAP Business ByDesign does not provide you with the need to depend on any third-party integration. All you need to do is depend on its capabilities to build the future-oriented solutions with SAP Business ByDesign procurement solutions.
With the SAP Business ByDesign procurement solution’s procure-to-pay business scenario, you can easily purchase better non-stock materials such as engineering materials, office materials and fixed assets. These are some of the top features:
Monitoring the workload and reporting it transparently based on spend analytics are possible. With integrated SAP interactive forms, you can collaborate with suppliers. Order-to-cash would be easier than ever with this feature.
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It is time for you to procure all your services like engineering services, training and consulting. Create different shopping carts from a buyer with a purchase order or a project manager. Record project-oriented services and costs incurred in financial accounting. Create the purchase order automatically. Involve operational buyer, strategic buyer, supply planner, accounts payable accountant, service receipt and warehouse manager with SAP Business ByDesign procurement solutions.
Go on and purchase stock materials with product specifications generated directly from your planning system by leveraging Materials Requirements Planning (MRP) module. You can handle every stages from purchase order creation to demand planning. This can happen via manual or automatic assignment of supply sources. You can send your purchase order to your supplier along with goods receipt and receive the payment after invoice verification with SAP Business ByDesign procurement solutions.
While the strategic sourcing business scenario can allow you to cherry pick a few suppliers, you can manage your existing relationships with them by meeting your company’s purchase requirements. When you identify and select a few suppliers, you can negotiate with them and create a purchase contract with them. This would be valid for a strategic buyer.
You can amplify your customer service levels with the right inventory management strategy by involving customer returns, overstock and while handling quality issues. You can also match your product’s physical return and come up with better financial settlement plans in the future.
Are you in need of more support with respect to the procurement capabilities available in SAP Business ByDesign Procurement solutions? iQuantM is the brand you can trust with all your heart. Contact us to collaborate with our team.