WHY SOURCING BUSINESS STAY BEHIND IN THE TECHNOLOGICAL RACE ? USE OUR HIGHLY SOPHISTICATED ERP FOR YOUR MODERN SOURCING BUSINESS .
SOURCING BUSINESS ERP SOFTWARE
Sourcing, also known as Strategic procurement, is the practice of locating and selecting businesses or individuals based on set criteria. Sourcing is carried out in business in many different areas and for different reasons. One of the most common uses of sourcing is to support the supply chain.
Sourcing is the stage that comes before any purchase decisions are made and can be considered a sub task of the procurement department. Before you can think of procure materials from your suppliers, you must first find registered and vet those suppliers. When you have an effective strategic sourcing process in place, you’ll find reliable, affordable, and quality suppliers to supply the goods you need. Good work here makes the procurement process more streamlined and efficient. Not only procurement labeling and Shipping is one of the keys to look over .
Sourcing is about finding the balance between the quality of raw materials and the affordability. The less you can spend on materials, the more profit your business can earn.
PROCESS OF SOURCING :
Before sourcing can begin, you must assess your purchasing needs, map out a plan, conduct market research, and identify potential suppliers. Find shortest sipping roots. After all this is completed, you’ll then evaluate the suppliers, and then choose the most suitable supplier for your needs.
TYPE OF SOURCING :
There are multiple type of sourcing model is available like
● Basic Provider Model
● Approved Provider Model
● Preferred Provider Model
● Performance Based/Managed Services Model
● Vested Business Model
● Shared Services Model
● Equity Partnerships
Our ERP supports the end to end life cycle of the Sourcing Business . Focus on procuring items from your vested supplier and Let our ERP do its work to record all your data into the centralised database. There are features for managing quotations, suppliers, and purchase orders. Be it sales, purchase, or people management, we’ve got it covered.
Features like auto-reorder and supplier quotation help you make data-driven decisions and procure effectively. Automatically apply taxes to orders, rate suppliers and manage batched inventory. It has an auto assessment tool to help you get better products with competitive prices.
OUR ERP SUPPORT WITH FOLLOWING MODULE :
● Request For Quotation
● Supplier Portal
● Auto-Apply Taxes And Charges
● Purchase Order Management
● Purchase Receipt And Invoice
● Stock Entry
● Maintain Multiple Price lists
● Stock Aging Report
● Inventory Management
● Supplier Scorecard
● Quality Inspection
● Quick Stock Balance
● Item Variants Management
● Barcode Scanning
● Warehouses Management
● Landed Cost Voucher
● Shipping Management
● Multiple Units Of Measure
● Omni-Channel Sales
● Manage Returns
ERP WITH AI INTEGRATION
Data Driven Prediction is not magic any more , in fact, Artificial Intelligence & Machine learning is nothing but a game-changer for any business. Technological advancements in the digital business models have made it necessary for companies to re-evaluate ERP’s role. Organization can utilize AI ,BI and Machine learning in their CONTEMPORARY ERP system to get the best out of it .
● Warehouse Automation
WE GUARANTEE ON THESE BELOW FACTS
1. 10–15% reduction on your Procurement cost
2. In depth analytic help you for better decision making
3. Supplier Score analysis
4. Optimised your Shortest Shipping Root using CPM( Critical path Method ).
5. Supplier portal help organization to track optimize material purchase cost
3rd PARTY INTEGRATION
We provide a host of integrations to help you take-off faster. If you’re using our ERP, we’ve got you fairly covered. We will have a look at all the different services you can connect to our ERP and how it helps you have a better control over your overall business.
We will provide Open APIs and a Data Migration Tool built into the Framework to make endless integrations.