Procurement

Procurement

Procurement software is a computer program or suite that allows small businesses to automate the processes of purchasing materials and maintaining an inventory of goods. Procurement software can generate purchase orders, execute the ordering process online, match invoices to materials received, and pay all bills electronically. In more complete terms, a procurement software can carry out the following functions:
  • Create an original purchase order based on need, inputted from appropriate personnel.
  • Verify a purchase order with line items to be completed by a vendor.
  • Submit a pending purchase order to appropriate personnel for approval or rejection.
  • Automate electronic purchase-order transmission.
  • Maintain an inventory of goods sufficient to prevent spot shortages.
  • Execute financial and inventory-related transactions as materials arrive.

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100 Go Digital Coaching Workshop is a series of workshop sessions that will help businesses to attain knowledge and skill sets for practical digital adoption journey.

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