When it comes to Procurement, process intelligence holds the key for turning data into dollars. The ability to Discover, Analyze, and Monitor how your procurement process really works means that you can uncover delays that cost time and money, and discover the most efficient processes paths that bring about positive business outcomes.
With TimelinePI, you can conduct supplier research, analyze data from various sources, gain greater visibility into your spend, monitor contract adherence, and ensure you’re making the best supplier choices for your organization.
Gain new insights that could make your process more efficient or cost effective. Discover areas where you might make process adjustments for the good of your business.
Using TimelinePI organizations can quickly discover and understand their current process state, identify opportunities for process improvement and monitor compliance with best practices or compliance rules.
The procurement management process involves managing the ordering, receipt, review and approval of items from suppliers. The procurement process also specifies how the supplier relationships will be managed and strict rules are typically followed throughout. Some procurement activities include sourcing activities, negotiation and strategic selection of goods and services.