Boost efficiency with our procurement analytics dashboard

Procurement

Procurement analytics dashboard involves evaluating and analysing the purchasing activities and decisions within an organization. It includes examining the procurement process, supplier selection, pricing, contract negotiations, and overall procurement performance. By conducting purchase analysis, businesses can identify areas of improvement, negotiate better terms with suppliers, reduce costs, and enhance the efficiency of procurement operations. This analysis provides insights into the effectiveness of purchasing strategies, helps identify cost-saving opportunities, ensures compliance with procurement policies, and supports informed decision-making in supplier management and strategic sourcing. Ultimately, purchase analysis aims to optimize the purchasing function and contribute to overall organizational success.

Dispatch inventory analytics dashboard involves tracking the status and scheduling of dispatches to ensure timely delivery of goods. It helps optimize logistics operations, minimize delays, and improve customer satisfaction.

Provides a comprehensive view of a vendor's performance, capabilities, and relationship with the organization. It involves analysing factors such as quality, delivery, pricing, and customer service to make informed vendor management decisions. Vendor comparison analysis, on the other hand, involves comparing multiple vendors based on criteria such as pricing, quality, reliability, and overall performance. This analysis helps in selecting the most suitable vendors and negotiating favourable terms for procurement activities.

Inventory analytics dashboard for payment involves analysing payment-related data, such as payment terms, payment accuracy, and cash flow impact. It helps ensure timely and accurate payments, manage cash flow effectively, and identify any payment- related issues or discrepancies.

Involves analysing the time taken from the initiation of a purchase request to the receipt of goods or services. This analysis helps identify bottlenecks, streamline procurement processes, and reduce lead times for improved operational efficiency. By understanding and optimizing procurement lead times, organizations can enhance their overall supply chain performance and meet customer demands more effectively.

Procurement analytics dashboard for open purchase order involves monitoring and analysing purchase orders that have been issued but not yet fulfilled or received. This analysis helps ensure timely delivery of goods or services and enables effective tracking of outstanding procurement commitments. By closely monitoring open purchase orders, organizations can proactively manage their procurement process and maintain smooth operations.

Procurement analytics dashboard helps tracking and analysing the details of purchase orders issued to suppliers. It helps monitor the fulfilment of orders, track delivery schedules, and manage inventory levels effectively. This analysis ensures smooth procurement operations and facilitates accurate order management.