An Important Part of Enterprise Digitization -ERP Procurement Management

Since the 1990s, with the strengthening of economic globalization and the rapid development of information technology, the domestic market environment is also undergoing fundamental changes. Domestic enterprises have an urgent demand for the improvement of their own enterprise management level. ERP management system came into being under this background. It embodies the most advanced enterprise management thought today and is the leading role in the process of enterprise informatization. ERP purchasing management system is often an important part of ERP management system, which plays an irreplaceable role in improving the accuracy and rationality of enterprise purchasing plan and optimizing enterprise purchasing management process.

The problems existing in the procurement management of enterprises usually include: the lack of a perfect procurement management system, the lack of a reasonable procurement strategy for the industry and enterprises, the relatively high procurement costs, and the insufficient and comprehensive management of suppliers. At the same time, with the rapid development of technology, enterprises are facing new challenges such as fast updating and iteration of purchased products and frequent changes in market prices. In order to solve and deal with the above problems and challenges, the purchasing departments of enterprises have to change from passive acceptance of purchasing orders to active prediction and adjustment of purchasing. As a result, enterprises have accelerated the pace of purchasing informatization construction.

ERP purchasing management system provides a good purchasing management information platform. It can also realize the synchronous interconnection of purchasing and other business modules such as production, finance, sales, etc. to ensure the consistency of information flow, real logistics and financial flow. In addition, the premise of implementing ERP procurement management system is to require enterprises to thoroughly sort out and standardize the procurement process, and then solidify the procurement process with the aid of ERP procurement management system, thus making the procurement process more reasonable, procedural and transparent.

SAP Business ByDesign is a newly developed cloud business suite for small and medium-sized enterprises developed by SAP Company of Germany, a world ERP management system giant. It is a SaaS product based on cloud computing, covering enterprise end-to-end processes, providing complete and flexible on-demand customized solutions and software rental services. The business suite can help enterprises to integrate all business processes in real time and achieve real financial business integration. The integration of the purchasing function module and the financial function module included in the system enables the purchasing department to actively analyze by using the consistency of information, which is conducive to reducing the occupation of inventory funds and standardizing the purchasing process, while for the financial department, it can improve the accuracy of material accounting, reduce the workload of financial personnel, and make cost fine management possible.

SAP Business ByDesign’s built-in powerful BI integration. Users can customize reports and performance management conditions. The department manager can have real-time knowledge of the purchase department’s order status, payment status and supplier performance. In addition, the system can also preset the data report concerned by the person in charge of the company as a scheduled task and send it to the mailbox of the person in charge of the company in real time. Let employees no longer worry about handling a large amount of Excel required by the boss every month, and the boss also need not worry about the employees’ failure to provide timely data every month. The system can automatically help you handle it.

It can be said that SAP Business ByDesign is one of the best ERP procurement management systems at present, and plays a decisive role in the process of informatization of procurement management in many enterprises.

This article "An Important Part of Enterprise Digitization -ERP Procurement Management" by AcloudEAR. We focus on business applications such as cloud ERP.

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