Procurement

Optimize procurement activities by analyzing and managing spending and the supplier base. Create and organize procurement categories and hierarchies, covering both direct and indirect spending, as well as products/materials and services.

Provide support for data clean-up, spend analysis on invoices and expenses, visualization of spending, drill down to underlying transactions, and a categorization rules engine. These features enable users to work strategically with suppliers, define and assign category responsibilities, and develop category-based sourcing strategies. The module integrates with the spend analysis model and the Power BI spend analysis report, which offer easy navigation and exploration of different spending views and hierarchies.

With IFS Cloud Procurement, you can create and maintain supplier agreements that include terms and conditions, pricing, and assortments. The module supports different types of supplier agreements, such as purchase agreements and blanket purchase orders. It also allows users to manage supplier price lists and price breaks, including stepped pricing. Use the supplier agreement in downstream procurement processes, such as requisitions and purchase orders, ensuring organizational compliance. IFS Cloud Procurement supports multi-site scenarios and can handle incoming EDI catalogs from suppliers.

Manage the procure-to-pay cycle, from creating and approving requisitions and orders, to receiving and inspecting goods and services, and matching invoices with receipts. IFS Cloud Procurement supports both direct and indirect purchasing, as well as materials and services. It allows users to manage change orders, expediting, returns, and non-contract-based price management.

Enable users to achieve better pricing from suppliers by centralizing purchasing across multi-site and global operations, and to automate or intervene manually in the procurement process. The module integrates with the accounts payable module, helping users import and match supplier invoices with purchase order and receipt information.

IFS Cloud Procurement helps organizations enable their employees to easily and independently procure products and services from approved suppliers. It provides a self-service portal where employees can define the employee self-service procurement catalog, including from hosted supplier catalogs, and create a procurement request using the portal.

The module allows employees to request products from the catalogs and sites they have access to, as well as directly from suppliers’ web shops. It also supports staff with the option to self-serve, procure directly against a work order or project, and supports free-text searches and requests based on supplier descriptions. Guide employees through a simple and intuitive process that helps them find the right products and create accurate requisitions using the right suppliers.