Implementing an eProcurement Solution for Efficient Procurement
Leading Real Estate and Hospitality Developer with a Nationwide Presence.
B2B Buying Experience Transformed. This project aims to streamline and enhance procurement operations through the implementation of advanced technologies and best practices. The primary focus is to reduce manual workload, minimize errors, and improve efficiency in sourcing and supplier management.
Key objectives of the project included:
- Automate Procurement Processes: Automate manual tasks to reduce processing time and errors.
- Centralize Supplier Information: Create a centralized supplier database to improve management and evaluation.
- Optimize Sourcing: Implement online bidding and auction processes to optimize pricing and supplier selection.
- Enhance Visibility and Reporting: Improve visibility into the procurement pipeline through advanced analytics and reporting.
- Ensure Compliance: Ensure compliance with procurement policies and regulations.
The Challenges
An expensive SaaS platform, too rigid for local workflows, locked the client into using only 20% of its features. Custom integration was costly or impossible, leading to constrained workflows over several years.
The Solution
The client adopted an integrated procurement solution that automated processes, enabled real-time tracking, and improved communication. Their core systems seamlessly integrated this streamlined ordering, expedited approvals, and enhanced vendor collaboration.
The Outcome
Leading Real Estate and Hospitality Developer with a Nationwide Presence
The new procurement solution improved efficiency by 1000%, reduced costs by 89%, and achieved a 90% NPS rating. Automation increased transparency, eliminated manual follow-ups, and drove significant system-wide adoption. We achieved the ROI of transitioning to this proprietary build in less than three years.
Technologies
Web
TypeScript
Next.js, NodeJS
MongoDB
Figma