The study indicates companies can reduce their operating costs by up to 20 percent. The software is easily configurable so that automatic routing and approvals conform to a company's purchasing policies. The system eliminates maverick spending as well as the time employees spend comparing vendors or chasing approvals. The software assembles real-time data from predefined suppliers to create a fully distributed virtual catalog that reflects negotiated terms specific to each supplier. The customized catalogs lower overhead and ensure that employees buy from preferred suppliers.
Users can check inventory levels, order status and delivery information.
Employee buying patterns and vendor pricing trails let purchasing managers identify favored suppliers, monitor vendor reliability, and negotiate lower pricing. An intuitive Web browser interface provides easy access through the Employee Workplace Intranet portal that gives employees a central location for submitting purchase requisitions. The portal provides management with access to all reports and purchase requests pending approval. The applications allow employees to work faster and more effectively, while giving management greater control. The popular automation architecture ensures quick and scalable deployment.