What is procurement management

Procurement management refers to the management process of planning, organizing, implementing, monitoring and controlling the procurement activities of an enterprise in the procurement process. Purchasing management mainly includes the following aspects:

Purchasing plan: according to the needs of the enterprise, the formulation of purchasing plan, including the determination of purchasing categories, quantities, time, etc., as well as the estimated purchasing cost.

Supplier Evaluation: Evaluating suppliers and identifying qualified suppliers, including evaluating suppliers' capability, reputation, quality, price, etc.

Procurement Contract Management: Manage the signing, fulfillment and change of procurement contracts to ensure that suppliers fulfill their contractual obligations in accordance with contractual requirements while avoiding contractual risks.

Procurement Execution: Execute the procurement plan, including the issuance of purchase orders, logistics coordination, and acceptance.

Procurement Performance Management: Managing and evaluating the procurement process and supplier performance to ensure that the procurement activities meet the expected goals, while continuously improving the procurement process.

Procurement Risk Management: Identifying, evaluating and controlling procurement risks, such as supplier risks, market risks, contract risks, etc.

Procurement Information Management: Manage all types of information generated during the procurement process, including procurement data, contract documents, supplier files, etc.

As a professional procurement management system, 8Manage SPM breaks through the traditional limitations of manual procurement and realizes the mode of electronic procurement management, which greatly improves the procurement efficiency of enterprises and makes the procurement management easier. The system supports the whole process of procurement management, including procurement application and approval process, bidding, procurement pricing (inquiry, bidding, agreement price), one-stop purchase order management, delivery, receipt, acceptance into the warehouse, invoice and payment management, as well as purchasing product benchmark price, etc., which helps enterprises to control the progress of procurement in real time and situation.