The IT solutions increase the Procurement Department’s Performance | SIVECO Romania

The IT solutions increase the Procurement Department’s Performance

Tuesday, January 21, 2014
Implementing the IT solutions in the supply process offers more speed, flexibility and performance to companies

The solution for the Procurement Management developed by SIVECO Romania is a component of SIVECO Applications 2020 information system. This integrated solution meets the requirements of the companies in all sectors of activity. The main benefit is that once information is recorded into the system, it automatically sends this information to other modules involved in the supply process. Thus, the processing and transfer time is reduced and the data redundancy is minimized.

The Procurement Management IT system implies the operation of the following integrated modules: Investments Module, Procurement Module, Inventory Module, Financial-Accounting Module and Contracts Module, providing the IT tools and mechanisms needed for the automation of the procurement process.

Increasing the company‘s efficiency with a scalable, secure solution

The software application is useful for the user in order to manage the procurement and purchasing, from defining the procedures to financial-accounting management and automatic inventory checking.

The Procurement Management module uses a range of classifications (reference directories) that reduces data redundancy and increases the accuracy of data recording. Moreover, the application increases the flexibility of the procurement, manufacturing and sales processes by using the products or equivalent measurement units. It also reduces time for inventory through the automation of the inventory assessment operations.

The IT system components eliminate the risk of purchasing products at prices that haven’t been negotiated yet and the automatic conversion between the currencies used (EUR/RON etc). The time for analysis increases with the IT system, while reducing time for transactions’ recording.

"The Procurement Management component part of SIVECO Applications 2020 integrated IT system was designed and developed by experts in business processes’ automation, in order to provide the public and private companies with scalable and reliable solutions for the procurement process", stated Lăcrămioara Bârseti, Head of Unit SIVECO Applications.

The IT system for Procurement Management incorporates the results of a long term experience gained by SIVECO Romania in providing and implementing Integrated Information Systems, giving the customers with verified ways to increase their economic efficiency.