Procurement Planning

Procurement: a strategic factor for company efficiency

Procurement Planning provides an optimized procurement plan synchronized with the production plan, enabling the real needs of Producers & Suppliers to be balanced.

Procurement planning is a key process in every company. In contexts where supply lead-times are long, materials are difficult to find or there are strong constraints in terms of time and quantities, the purchasing process will have a central role. Procurement Planning supports buyers in making the best decisions. When carrying out planning, the solution simultaneously considers factors such as capacities of suppliers, lead-times, transport capacities and lot sizing rules; generating an optimized purchasing plan. Moreover, Procurement Planning suggests who the best suppliers are in order to minimize costs, whilst still meeting market requests.

Functions

• Procurement planning synchronized to the production plan.
• Analysis of sourcing alternatives.
• Supports make-or-buy decisions.

Benefits

• Materials are always available for production.
• Reduction in costs and procurement times.;
• Higher inventory turnover.

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