SoftGuide > Functions / Modules Designation > Procurement workflow

Procurement workflow

What is meant by Procurement workflow?

A "procurement workflow" refers to the structured and automated process of acquiring materials and services within a company. It encompasses all steps from requirement identification through ordering to goods receipt and invoice verification. The workflow aims to make the procurement process more efficient, transparent, and error-free.

Typical Functions of Software in Procurement Workflow:

  1. Requirement Identification: Automated capture and analysis of material and service needs.
  2. Requisition Management: Creation and approval of purchase requisitions.
  3. Supplier Selection: Management and evaluation of suppliers and solicitation of quotations.
  4. Ordering: Creation, approval, and tracking of purchase orders.
  5. Approval Processes: Integrated workflows for approvals and authorizations by relevant stakeholders.
  6. Goods Receipt: Recording and verification of incoming goods deliveries.
  7. Invoice Verification: Matching invoices with purchase orders and goods receipts, and approval for payment.
  8. Reporting and Analysis: Generation of reports and analyses to monitor and optimize the procurement process.
  9. Integration with Other Systems: Connectivity to ERP systems and other enterprise information systems for seamless data transfer and process integration.
  10. Archiving and Documentation: Securing and managing all documents and transactions in the procurement process.

 

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The function / module Procurement workflow belongs to:

Business Process Management (BPM)

Workflow and process management

Software solutions with function or module Procurement workflow:

SECURITY ASSISTANT (MR.KNOW)
Workflows on the topics of ISMS, cybersecurity and NIS2
MODUS FOODVISION
MODUS FOODVISION
 
 
 
 
 
 
ERP solution for the food and beverage industry and the associated trade
Odoo-ERP
Odoo-ERP
 
 
 
 
 
 
Modular business software
Business Partner Due Diligence System BPDD
AI-based business partner check
RETAIL ASSISTANT (MR.KNOW)
Digital assistants and process solutions for retailers and suppliers
Supply chain compliance system CS3D ready
AI-supported supply chain compliance system
ON BOARDING ASSISTANT (MR.KNOW)
Digital processes for onboarding
PUBLIC ASSISTANT (MR.KNOW)
Digital employees for authorities and administrations
Projektron BCS - Web-based project management software
Projektron BCS – The web-based software for managing your projects
SERVICEPORTAL (MR.KNOW)
The solution for service companies, in-house service providers and site services
Show all 27 programs with Procurement workflow