With our Procurement Software you can do the process of finding, agreeing terms and acquiring goods, services or works from an external source, via a tendering or competitive bidding process.
The process is used to ensure the buyer receives goods, services or works at the best possible price, when aspects such as quality, quantity, time, and location are compared. Your company can define processes intended to promote fair and open competition for their business while minimising risk, such as exposure to fraud and collusion.
Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations.
Procurement generally involves making buying decisions under conditions of scarcity. With procurement data, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
Learn more with our Procurement Suite. Contact us.