ERP systems are perfect for managing procurement of regular raw materials or direct spend. When it comes to indirect spend they fail miserably. The reasons are many but primarily ERPs are built for accountants not procurement and they are very.
Vendors submit e-invoices on the vendor portal and these are immediately available for accounts payable to review. If vendors submit physical invoices to the procuring location, the buyer can very quickly enter invoice details into the system for.
The Decentralized management styles in organizations today often result in articles of value being acquired in multiple locations or being acquired in a central location and used in multiple ones. The result is loss of ownership or usership.
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