❒ Requisition: The internal requisition process could be automated by providing pre-populated forms with relevant information to minimize errors and the inclusion of required information.
❒ Workflow: The approval workflow for the purchasing journey could be automated, where the approvals the automatically routed to the concerned teams or individuals based on pre-set rules aligning with organizational hierarchy and compliance.
❒ Supplier Selection: The supplier selection process can be streamlined with automation, where suppliers are selected from a centralized database based on the procurement requirement. Similarly, to manage suppliers, automation also comes in handy.
❒ Generating Purchase Order: The manual entry of specifications of the PO could be eliminated altogether by generating POs from the approved requisitions.
❒ Order Processing: Automation can also track the order processing by live-tracking the order status, expected delivery, etc., improving communication with the suppliers.
❒ Invoice and Payment: Similarly, automation can help with invoice generation based on purchase orders and receipts. And the approved invoices could initiate the payment process.
❒ Analytics: Automation also proves beneficial in tracking spending, uncovering trends, studying market fluctuations, and assessing purchasing data to make informed business decisions.
Amazon Tools That Can Help You Stay Ahead of Your Procurement Plan
Amazon Business is your ideal partner for your procurement needs. Our reputation, reliability, service, and product quality precedes us. From sourcing goods to procuring them, Amazon Business could fulfil your bulk orders and product requirement seamlessly. We have various tools at our disposal to enable your procurement plan. Some of them are mentioned below:
❒ Vast Inventory: Our inventory is huge, housing a variety of products needed across industries. From IT, Education, MRO & industrial supplies, Nonprofit, office supplies, electronics, corporate needs, medical supplies, etc., we have them all.
❒ Bulk Orders & Bulk Discounts: We ensure cost savings while you source your goods or products from us with bulk orders and bulk discounts. You can place humongous orders while saving huge on them. Additionally, you can also save an extra 28% with GST invoices.
❒ Reputed and Reliable Vendors: We also house reliable wholesale vendors to make your e-procurement easy and fast. You can collaborate with multiple suppliers online and get quotes before finding your ideal match.
❒ Corporate Gifting Store: Our corporate gifting store is the perfect platform for sending special gifts to your corporate clients, suppliers, esteemed consumers, etc. Our muti-address delivery ensures you clients located across the state or country receive their gift on time.
❒ Business Analytics Tool: Amazon’s business analytics tools ensure you have data-driven insights on your spending by studying your purchasing history to optimize spending. You can easily streamline order processing with our multiple reports like shipment, refund, return, order, etc.
❒ Compliance Tool: We also have compliance tools to regulate your procurement process, like enabling GST-compliant products to save more on GST input tax credit.
❒ Three Way Matching: To further reduce human error and manual work, Amazon has also introduced three way matching software to manage, track, and reconcile their orders or purchases. It automatically matches the purchase order with the product information with the received and confirmation feature.
❒ Amazon Business APP: All the benefits and perks are readily available on our Amazon Business app and website to personalize your procurement and shopping experience. Create your free account with us today!
Other Benefits of Amazon Business in Outlining Your Purchases
That’s not all, Amazon Business goes above and beyond for their business consumers by hosting multiple business-exclusive events and sales encouraging savings. Business Value Days, Stock Up Sale, EMI Fest, Great Indian Sale, Prime Day Sale, Small Business Days, etc., are some sale events offering attractive deals and huge savings.
Moreover, our grade-A customer service and doorstep delivery, and business-friendly payment modes make us ideal for your B2B purchases. Register with us today and enjoy these perks!