How Online Requisitioning Can Help Procurement in 2023
Procurement is a complex process that involves many different steps, from identifying a need to receiving the goods or services. One of the most important steps in the procurement process is requisitioning. Requisitioning is the process of requesting goods or services from a supplier.
Traditionally, requisitioning has been a manual process. Employees would fill out paper forms and submit them to procurement. This process was time-consuming and inefficient. It also created a lot of paperwork, which could be difficult to track and manage.
Online requisitioning is a more efficient and effective way to manage the requisitioning process. Online requisitioning systems allow employees to submit requisitions electronically. This eliminates the need for paper forms and makes it easier to track and manage requisitions.
Online requisitioning systems also offer a number of other benefits, including:
- Increased visibility and transparency: Online requisitioning systems provide procurement with greater visibility into the requisitioning process. This allows procurement to better manage costs and ensure that requisitions are approved in a timely manner.
- Reduced errors: Online requisitioning systems help to reduce errors by automating the requisitioning process. This helps to ensure that all required information is included on requisitions and that requisitions are submitted correctly.
- Improved compliance: Online requisitioning systems can help organizations to improve their compliance with procurement policies and procedures. This is because online requisitioning systems provide a more auditable trail of requisitions.
Overall, online requisitioning is a valuable tool that can help procurement to improve efficiency, reduce costs, and improve compliance. If you are looking for ways to improve your procurement process, online requisitioning is a great place to start.
Here are some additional benefits of online requisitioning:
- Improved communication: Online requisitioning systems can help to improve communication between employees and procurement. This is because employees can easily submit requisitions and receive updates on the status of their requisitions.
- Increased flexibility: Online requisitioning systems offer more flexibility than traditional paper-based requisitioning systems. This is because employees can submit requisitions from anywhere, at any time.
- Reduced risk: Online requisitioning systems can help to reduce the risk of fraud and abuse. This is because online requisitioning systems provide a more secure way to submit and track requisitions.
If you are considering implementing an online requisitioning system, there are a few things you should keep in mind:
- The system should be easy to use and navigate.
- The system should be secure and protect sensitive data.
- The system should be integrated with other procurement systems, such as e-catalogs and e-procurement systems.
By choosing the right online requisitioning system, you can improve your procurement process and achieve your business goals.
i2B offer a fully secure online requisitioning system tailored for your business.
Get in touch to see how we can help.