PROCUREMENT & SOURCING SOFTWARE: OVERVIEW

Hand Global Solutions offers comprehensive procurement software solutions that handle both procurement and sourcing processes. Combining both the procurement and sourcing systems into a one-stop platform brings all business purchasing needs to a single accessible hub.

The digital procurement management platform is a cloud-based platform with software applications that integrate with a company’s enterprise resourcing planning (ERP) platform, such as Oracle. A robust procurement management software does not only cover the direct and indirect material purchases. It also provides a one-stop solution for the entire procurement process management, supplier management, procurement applications, sourcing and pricing, contract management, order execution, invoicing and payment. As such, it can help companies improve procurement efficiency, reduce procurement costs, and better scale growing businesses.

HOW CAN PROCUREMENT SOFTWARE SOLUTIONS BENEFIT YOUR BUSINESS?

Compared to a simple purchasing software for small businesses that focuses only on purchasing, a procurement software supports companies in all areas of the procurement process. Offering an expansive set of tools, acquisition of goods and services will be well supported and automated, effectively managing all tedious procurement-related processes. Featuring a cloud technology source section, businesses can also find potential suppliers, make comparisons and negotiate for the best prices.

Our procurement software is multi-tiered with modules, such as the procurement sourcing module and procurement collaboration module, that build on the advantages of a standard business purchasing software. The former covers all pricing behavior of enterprises, facilitating efficient cost management and supplier evaluation. Corporate purchasing prices can also be reduced given the strategic combination of negotiation tools such as bidding and price library that improves negotiation capabilities. The procurement collaboration module ensures seamless cooperation and collaboration between partners in the value chain to improve procurement efficiency.

WHAT DIFFICULTIES CAN PROCUREMENT SOFTWARE SOLVE

INDIRECT PURCHASING

R&D MATERIAL/MRO

DIRECT PURCHASING
Irregular Low Value assets & Office Supplies Small Quantities of Reagents, Consumables, Special Equipment Large Quantity, Long Lead Time Material
  •       Diverse requirements
  •       Demand dispersion
  •       Strong uncertainty
  •       Do not want to find a single source for low value
  •       R&D/Manufacturing consumables materials
  •       Frequently requested certain batches/specifications/models
  •       Special items from a few or single suppliers
  •       Demand consumption cannot be estimated
  •       Large number, small amount
  •       70% of purchase amount
  •       Balance price, quantity and supply with strategic agreements
  •       Supplier qualification and lot of strict control on goods
  •       Focus on supply quantity and timelines
  •       Reconciliation

 INTEGRATED SOLUTIONS FOR PURCHASING

One-Stop

Intelligence

Leading
Cover indirect & direct procurement Comprehensive business data, in-depth insight Technically integrated business, accelerate digital transformation

FOR MORE INFORMATION, TALK TO OUR EXPERTS

Procurement software solutions can reduce purchasing costs by providing visibility into supplier relationships, demands, status of logistics nodes and tracking progress in real-time. The increased transparency will also increase efficiency, improve collaboration, and reduce errors. Streamline your procurement process with Hand Global Solutions. Get in touch with us more information on our IT enterprise solutions or complete the enquiry form below and we will get back to you the next business day.

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