Software·44,002 discussions

What are the benefits of procurement software in a growing business setup?

Locked

Tags: Software

I’ve been exploring tools that can help automate purchasing and vendor-related tasks. I keep hearing about the benefits of procurement software, especially for businesses that are scaling. I want to understand how it helps in streamlining operations, reducing errors, or improving vendor management. If anyone here has practical experience using one, what kind of changes did you notice? Is it worth the switch from spreadsheets?

Topic

[kees_b]

Reply To: What are the benefits of procurement software in a growing business setup?

In reply to What are the benefits of procurement software in a growing business setup?

A few question questions:
– What’s your budget?
– How many staff currently for procurement and the finance involved?
– Do you want integration with the software you use to manage the stock?
– “You hear”. Can you discuss the subject with the peiple you hear it from? They might have experience or can you show things.

I’m afraid that most of those ERP systems are too big and to expensive for you the moment. But have a look at https://www.google.com/search?q=”procurement+software”

• This reply was modified 1 month ago by kees_b.

Which country?

In reply to What are the benefits of procurement software in a growing business setup?

Here in the USA we have TARIFFS changing almost on a daily basis. One tariff went in and was changed in less than 2 hours.

There’s also the problem that some countries have stopped doing business with the US almost if not entirely.

-> If you are doing business in the USA, I don’t see ANY procurement software that saw this coming.

Reply To: What are the benefits of procurement software in a growing business setup?

In reply to Which country?

Yes, most procurement solutions can’t handle the rapid response to external economic changes. That’s the reality

Reply To: What are the benefits of procurement software in a growing business setup?

In reply to What are the benefits of procurement software in a growing business setup?

Switching to procurement software was a game-changer for us—it streamlined purchasing, reduced errors, and gave us better control over vendor relationships. It’s definitely a big upgrade from spreadsheets, especially as we scaled.

Should be interesting to see how it works out in the USA.

In reply to Reply To: What are the benefits of procurement software in a growing business setup?

Headwinds of tariffs, GRIFT and corruption are big news in the USA.

You must be writing about such systems in other countries.

[priyasingh96]

Reply To: What are the benefits of procurement software in a growing business setup?

In reply to What are the benefits of procurement software in a growing business setup?

Procurement software allows small and midsize businesses to streamline purchasing, reduce costs, and develop better relationships with suppliers. It automates workflows, enforces compliance, and offers real-time spending insights, which translates to greater efficiency.

• This reply was modified 1 month ago by priyasingh96.
• This reply was modified 1 month ago by kees_b.

[Author]

Replies