PROCUREMENT PROCESS MANAGEMENT
Beyond connected supply chains to a lean, real-time and customer-centric future.
An intelligent and smart, connected operations system can make the supply chains respond instantly to delivery interruptions and changes, the material can be tracked and shipment status can be monitored in real-time. Everything will get closer to the customer – stock levels can be predicted and automatically topped up, delivery schedules will be updated, and a smooth flow can be maintained.
Procurement, in terms of process management, is when you need to purchase, rent or contract with some external resource to meet your needs. These relationships, like any process in the project, need management. Managing these relationships means getting the best from the industry in terms of quality, utilized by the organization to enhance its existing business. There are constraints in a relationship with vendors that revolve around cost and time. Procurement management is a way to more efficiently and productively handle the process of sourcing, requisitioning, ordering, transporting, expediting, inspecting and reconciling procurement.
Turn complexity into clarity
How to improve supplier relationship and contract lifecycle management
CoalNet PPM provides everything you need to maintain insight and oversight of your third-party portfolio. It is the first third-party management platform that allows you to proactively optimize the value of your supplier relationships, mitigate risks and manage the contract lifecycle with speed and agility. Get control of your third-party environment, improve supplier
performance and decrease spending.
Manage your supplier portfolio
CoalNet PPM is designed with an API-first approach, so it integrates easily with your enterprise environment to provide a customized single pane of glass into spend, performance, and risks across the organization. You can drive key business insights, quicker decisions and proactive actions.
How procurement can enable innovation
Enterprises today must manage a complex environment of third-party relationships, from sweeping multi-service agreements to renewable software licenses. Without careful orchestration and management of these relationships, companies expose themselves to significant risk. CoalNet PPM, helps you govern, prioritize, organize and deliver on the full promise of your supplier portfolio. Perform meaningful analysis on real-time governance data through interactive dashboards that drill directly down into transactional data elements.
CoalNet PPM is an innovatively managed service and lifecycle management platform leveraging the latest technology for all your Procurement Process needs.
