Efficient procurement processes can make or break success in businesses. We have developed cutting-edge digital solutions to revolutionise our procurement operations with innovative systems, ensuring well-planned and seamlessly executed procurement strategies.
Our digital solution that is crafted in-house is designed to monitor and supervise the transition from Purchase Requests (PRs) to Purchase Orders (POs) for over 400 PRs managed at Cairn’s Cambay location. Our primary objective is to achieve a substantial 20% reduction in the turnaround time from PR to PO conversion.
So, what sets our solution apart? Let’s explore its standout features:
- Single Source of Records: A comprehensive overview of both ongoing and closed PRs, offering vital details such as active stage, buyer name, username, and department. The holistic view is accompanied by stage-specific statistics, empowering our team with insights for informed decision-making.
- Seamless Integration: Integration with multiple Microsoft applications enables managing tasks directly from email or Microsoft Teams interfaces. Leveraging workflows streamlines processes, ensuring a seamless user experience.
- Overdue Insights: By recognizing stage-wise overdue line items based on agreed-upon TAT timelines, it autonomously generates and disseminates a list of overdue items to relevant users, facilitating effective prioritisation and prompt action.
- Swift Analytics: The comprehensive analytics facilitate the identification of bottlenecks and prompt corrective action. From Gantt charts comparing planned versus actual timelines to stage-wise time analysis, it empowers our team to pinpoint the root causes of delays and take swift action.
In conclusion, our custom digital solution isn’t just about streamlining procurement processes; it’s about driving efficiency, transparency, and agility. By harnessing the power of technology, we’re not only achieving the objectives but exceeding our procurement goals, setting new standards for excellence in the industry. As we continue to evolve and adapt to changing market dynamics, one thing remains constant: our unwavering dedication to delivering exceptional results, every step of the way.
By Rajeshree Rathod
