Savings Tracking

Realizing savings is one of the most important objectives of any procurement function. With thousands of categories, limited visibility and uncontrolled user behavior, it is difficult to measure savings in procurement.

Introducing PRM360 savings tracker, a cloud-based solution that can help CFOs track potential savings against realized savings at any given point. The solution offers customized dashboards that allow you to drill-down analysis by category or supplier and helps you identify the root causes for non-compliance. Gain insights into direct and indirect spend and track procurement savings, revenue growth or margin improvement in just a few clicks.

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Material Tracking

Material management involves a complex set of interactions between processes, suppliers and the inventory. Not balancing these processes effectively would result in costly errors. PRM360 features fully integrated material management systems that helps manage the materials from PO release to items delivered. Also, you can gain complete control over equipment and reduce shortages to avoid stock outs.

Integrated with PO tracking and vendor management systems, PRM360 can provide you insights into various activities such as RFQ status, reorder alerts, manufacturing status, delivery due date list, quantity ordered v/s delivered report and reconciliation statement while minimizing contract leakages and avoiding costly shutdowns.

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