Procurement and supply chain automation processes are often very complex and unique to different organizations. Workflows typically span multiple functions and data systems, time-bound synchronization of activities is critical, approvals and data-driven decision points abound, and yet these processes are notorious for being paper-based, email-driven and extremely unstructured. Organizations often refer to these collection of workflows as procure-to-pay or source-to-pay or request-to-order or order-fulfilment processes.
Benefits of procurement and supply chain automation
Automating part or all of these procurement and supply chain automation processes has a number of potential benefits for businesses:
- Reduce manual effort while increasing productivity, efficiency, and accuracy.
- Increase visibility across the entire cycle and, in turn, manage cash flows and inventory levels better
- Assist in data driven planning and strategy decisions.
- Improve supplier relationships and build deeper strategic relationships
No wonder, these processes are at the fore front of any organization’s wish list for automation.Continue reading “Bridging the gaps in your procurement and supply chain automation”