Remedy estimates that a customer with 5,000 purchase requests per year will see a positive return on investment within six months. The software assembles real-time data from predefined suppliers to create a fully distributed virtual catalog that reflects negotiated terms specific to each supplier and buyer. The customized catalogs lower overhead and ensure that employees buy from preferred suppliers.
Users can check inventory levels, order status and delivery information.
An intuitive Web browser interface provides easy access through the Employee Workplace Intranet portal. The portal gives employees a central location for submitting purchase requisitions, and provides management with access to all reports and purchase requests pending approval. Employee buying patterns and vendor pricing trails let purchasing managers identify favored suppliers, monitor vendor reliability, and negotiate lower pricing. Real-time multiple, distributed data sources make PartNET catalogs unique. With PartNET eCommerce, catalog information from any number of suppliers can be unified into a single, virtual catalog.