Contract Management
CHECK will alert the procurement team X number of days before a contract is set to expire. A number of options exist for efficiently publishing new contracts. Approval levels ensure that no contract is activated in the system unless the required approval is completed. Discount tracking and related reports make it easy for the procurement team to demonstrate savings.
Lowest Total Price
CHECK automatically selects the lowest total price for each product as a user creates a purchase requisition. The procurement team can ensure that every product purchased is always at the lowest possible price at the click of a button which reallocates lowest total price to each product and through consolidation of purchase requisitions by supplier. Controls can ensure a purchase order cannot be approved without a negotiated price allocated to each product.
Tenders
Go to tender easily through the re-use of tender request templates. Open and closed tenders are supported and each tender can be for multiple periods of time. Closed tenders are automatically awarded by the system once a tender has closed.
Purchase Order Generation
Auto generation of purchase orders is an option to free up the procurement team from this manual task. The system intelligently allocates each product to a purchase order by supplier considering required delivery dates, supplier delivery schedule and cost centre location.
Supplier Performance Management
The total cost of doing business with a vendor includes many service and quality elements. CHECK offers various automated and manual options to assist with assessing the performance of a supplier, including a custom rating system.
eBusiness
Automated sending of purchase orders by email or fax is supported. Take advantage of email to fax applications to further reduce cost. Further eliminate manual work by exchanging transactions electronically with vendor systems such as purchase orders, invoices, credit notes and negotiated prices.
Contact MBT to find out how our clients collaborate more efficiently with their suppliers.
Reports
Easily report on contract status, performance of vendors and purchase statistics by brand/hotel/restaurant or by region or the whole company.
Sourcing
For groups in particular sourcing become a significantly easier task because the procurement team obtains a transparent view across the enterprise of what products are purchased, from which supplier, at what price and the underlying agreements.
Procurement Policy & Procedure
CHECK supports procurement policy and procedure of businesses across the world. A single platform for procurement ensures that everything purchased by a business is processed and approved in a consistent and efficient manner. Flexible options enable a business to enforce stringent controls throughout the procure-to-pay process or more relaxed controls with a focus on analysing exceptions.
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