Procurement Management

Procurement management means on time every time. In today’s competitive era when organizations are more focused on productive and cost-efficient manufacturing procurement’s role has been evolved like anything. Now a day it is essential to recognize and improve the exited  procurement practices to include plenty of benefits in supply chain management practices

Greendot, being an experience of working with more than 1000 various types of industries scenes 1999 being the most preeminent brand, we have proved our expertise in developing and implement globally accepted procurement management practices throughout India.

Challenges found in industries

• More on a single vendor
• Trust issues for procurement
• Material is not received on time
• Excess inventory increases inventory carrying cost
• No MOQ – BOQ concept
• Long process cycle
• Inaccurate data or information
• No strategic procurement
• No system for vendor approval and evolution
• No tracking of order
• Delay payment of upset supplier relationship

Solution

Greendot is a perfect choice to improve the performance of the procurement management system and to create an opportunity to resolve procurement-related issues. You can assure the Desire outcome from it. Our experts can help you to design, develop, implement or improve

• Procurement strategy
• Vendor approval system
• Vendor evaluation system
• Tracking of procurement order
• Purchase invoice validation system
• Procurement policy
• Material stock management
• Organize material storage system
• Min Max inventory control
• FIFO or LIFO inventory management
• ABC analysis of inventory

Our Methodology

As we are India’s leading Consultants , our methodology to work with you is design in a scientific way . Our step by step approach will assure you result what you want.

• Step 1 : Process mapping to identify the gap in existing system
• Step 2 : Presentation and agreement on gap identified
• Step 3 : Design and development of strategy , process flow ,procedures and policies and its approval.
• Step 4 : Training and implementation with defining responsibilities and deadline.
• Step 5 : Focus on sustaining by routine verification and follow up .

Training Programs for Procurement Management

• Just in Time – JIT
• First in first out -FIFO / Last in first out – LIFO
• Inventory Management principle
• Vendor approval system
• Procurement management system