The client wanted to get consolidated, real-time and effective insights of their procurement processes in one place.
Some concerns were as follows:
-
Inability to detect and track minute-level issues in order management, vendor management, free stock and out-of-stock items, and more.
-
Absence of a system to track key level indicators such as the granular bifurcation of the number of purchase orders as per the production plant, the month, the year, etc.
-
Difficulties in managing and calculating the costs and savings of the suppliers from various countries.
-
Lack of a solution that can measure the increase or decrease of the cost of raw materials over a period of time.
-
No visual dashboard to get instant insights from the organization’s data.
-
Low-cost solution to smoothen the operations and address the issues.