Procurement Management

Centralize vendor data, compare quotations, and issue purchase orders in record time - all while maintaining transparency and compliance. LogiTrac360’s Procurement Management System revolutionizes your purchasing process, ensuring you get the best value, maintain strong supplier relationships, and reduce administrative overhead.

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Smart Procurement Management

  • Maintain a centralized vendor database with comprehensive profiles and historical data.
  • Track vendor performance and ratings to ensure consistent quality and reliability.
  • Bulk update prices and import/export vendor lists for efficient data management.
  • Create RFQs (Request for Quotations) and send them to multiple vendors simultaneously.
  • Set RFQ approval workflows for compliance and internal controls.
  • Compare quotations by price, quality, delivery time, and other custom criteria.
  • Generate POs (Purchase Orders) directly from approved quotations, reducing manual data entry.
  • Keep a full audit trail of all quotation changes and decisions for transparency.
  • Apply auto-approval rules for standard or low-value purchases to speed up processes.
  • Track vendor confirmation and order status in real time.
  • Manage partial POs and auto-generate backorders for items not immediately available.
Procurement Management
Procurement Management

Transform Your Procurement

Imagine a world where sourcing is no longer a bottleneck. Our system empowers your team to make informed decisions quickly, leveraging a rich database of vendor information and streamlined approval processes. This means less time on paperwork and more time on strategic sourcing and relationship building.

Unlock Smarter Procurement Gains

Streamline procurement with faster cycle times, improved vendor negotiations, better compliance, and smarter decision-making powered by centralized data.

  • Reduced Cycle Times

    Accelerate your entire procurement process, from request to order placement.

  • Improved Negotiations

    Access comprehensive data to negotiate better terms and pricing with suppliers.

  • Better Compliance

    Automated workflows and audit trails ensure adherence to policies and regulations.