Procurement Management

Decrease both internal and external costs within the procurement processes

Procurement Management provides online workflow for enterprise procurement procedures with powerful Spend Analysis tools

With Fidelity, purchasing departments can  

• Aggregate, prioritize, and fulfill demands for both strategic projects and day-to-day activities
• Reduce operational costs while improving response times for requests
• Collaborate effectively between purchasing departments and other business units in the company
• Create a close ecosystem with suppliers with automation of e-RFPs, collection and evaluation of proposals, e-purchase orders, and e-invoices
• Track purchases for budget targets at each stage of the process; planning, finalization, and realization
• Monitor planned versus realized budgets by business unit, cost center, supplier or project

Features

• Transparency in procurement processes
• Compliance with audit standards, policies and procedures
• Support for different purchasing types:
  • Direct Purchasing
  • Purchasing based on Trade Direct Purchasing
  • Purchasing based on Trade Agreements
  • Purchasing based on Committee Agreements
  • Tender based Purchasing
  • e-Tender

• Flexible user definable award mechanism, such as best-priced proposal (single vendor) or best-priced products from  multiple proposals
• Performance-based supplier evaluation
• Detailed spend analysis tools to decrease procurement costs: analysis by product group supplier, price, location or cost center
• Automates the order management process,including sending and delivery of purchase orders based on procurement  decisions
• Tracking and monitoring of deliveries and related documentation such as shipping papers, consignment bills and warranty documents
• Tracking of demand approval purchasing decision - purchasing order - invoice­ asset - accounting record relations