1 / 13

PROCUREMENT AUTOMATION

PROCUREMENT AUTOMATION TOOLS, BENEFITS, AND BEST PRACTICES.<br>

Debra42
Download Presentation

PROCUREMENT AUTOMATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. www. www.Procurement ProcurementFreelancers.com Freelancers.com

  2. Driving Efficiency and Value Through Digital Transformation Presented by: Procurement Freelancers.com

  3. 1.What is Procurement Automation? 2.Why Automate Procurement? 3.Key Tools & Technologies 4.Benefits of Procurement Automation 5.Best Practices for Implementation 6.Case Study / Industry Examples 7.Challenges and How to Overcome Them 8.Conclusion and Next Steps

  4. Definition: The use of digital tools and technologies to automate procurement processes. Covers purchase requisitions, approvals, supplier communication, purchase orders, invoicing, and payment. Replaces manual, paper- based systems with digital workflows.

  5. Manual procurement is slow, error-prone, and non- scalable. Lack of visibility and data for strategic decision-making. High costs due to inefficiencies and delays. Automation enables speed, accuracy, compliance, and analytics.

  6. Spend Analysis Tools: Zycus, Sievo e-Procurement Platforms: SAP Ariba, Coupa, Jaggaer Supplier Management Tools: GEP SMART, SynerTrade Contract Management Software: Icertis, DocuSign CLM AI & ML Integration: Predictive analytics, fraud detection, demand forecasting RPA (Robotic Process Automation): UiPath, Automation Anywhere

  7. • Reduced procurement cycle time • Lower administrative and processing costs • Improved compliance and auditability • Enhanced supplier collaboration and transparency • Real-time spend visibility and control • Better risk management and fraud prevention

  8. • Conduct a process audit before automation • Choose tools aligned with organizational goals • Involve stakeholders from procurement, finance, and IT • Train users and build change management strategies • Start with high-impact, low-complexity areas (e.g., invoice approvals) • Monitor KPIs and continuously optimize

  9. Example: A telecom giant implemented RPA to automate PO creation, saving 10,000 hours/year. Case Study: A multinational FMCG company reduced procurement cycle time by 45% using Coupa. Result: Faster operations, better supplier satisfaction, and measurable savings.

  10. • Resistance to Change: Address through training and communication • Integration Issues: Ensure compatibility with existing ERP systems • Data Quality Problems: Clean and standardize data before implementation • Tool Overload: Avoid too many disconnected tools; prioritize integration

  11. • Procurement automation is no longer optional—it's strategic. • Select the right tools, adopt best practices, and monitor impact. • Begin your automation journey with a clear vision and a phased roadmap. • Call to Action: Assess your current procurement process and identify top automation opportunities today.

  12. https://www.procurementfreelancers.com

More Related