×

HOW TO SHOP WITH US

1 Login or create new account.
2 Review your order.
3 Payment & FREE shipment

If you still have problems, please let us know, by sending an email to contact@itassetmanagement.in . Thank you!

SUPPORT TIMING

Mon-Fri 9:00AM - 9:00PM
Sat 9:00PM-5:00PM

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?
QUESTIONS? CALL: T (91) 97690 22209, (91) 75066 00517, (+91) 22-66930155
  • LOGIN
  • SUPPORT

IT Asset Management Software

IT Asset Management Software

Best Inventorymanagement software

T (91) 97690 22209, (91) 75066 00517, (+91) 22-66930155
Email: contact@itassetmanagement.in

Greenitco
520, IT Park, MasterMind 1, Goregaon East Mumbai

Open in Google Maps
  • HOME
    • Services
      • IT Asset Management
      • ITM Mobile App
      • Asset Auditing
    • Features
      • Pricing Table
      • Features
      • Asset Management FAQ’s
    • Pages – Contact Us
      • Pages – Contact Us
      • Pages – About Us
      • Pages – Testimonials
      • Pages – Careers
        • Pages – F.A.Q.
  • OUR SERVICES
    • ITM
      • ITM SOFTWARE
      • Features
      • Pricing
      • IT Asset Management Premium Plan
      • IT Asset Management Professional Plan
      • IT Asset Management Ultimate Plan
    • ASSET-AUDITING
    • SOFTWARE LICENSES
      • Microsoft
      • GO Daddy
      • Cyberlink
  • DEMO
  • DOWNLOAD
    • MS Word Version Finder
      • How to install MS word version finder
    • Download ZIP
  • SHOP
    • Shop
    • My Account
      • Cart
      • Checkout
    • Anydesk Lite
    • Anydesk Lite 6 year
    • Apple
    • Microsoft
    • Cyperlink
    • Hosting
    • Pages – Contact Us
  • KNOWLEDGE CENTER
    • News & Updates
    • ITM – User Guide
    • Release Notes
  • CONTACT US
  • MY CART
    No products in cart.
FREESoftware
  • Home
  • Pages – Blog Posts
  • IT Asset Management
  • How Procurement Management can help in saving Money?
April 19, 2021

How Procurement Management can help in saving Money?

How Procurement Management can help in saving Money?

by Jeslin / Sunday, 25 November 2018 / Published in IT Asset Management, Technology Tips

Procurement Management is one form of management, where goods and services are acquired from a different organization. In a simple form, it is the process of physically buying a product or service. Is there any special reason to use this form of management to acquire goods and services? Yes, Procurement management is known to help an organization to save money. Besides that, whatever the size of your company you must follow an effective procurement practice.

Procurement activity falls into two different categories. They are direct spend and indirect spend. Direct spend refers to the production-related procurement such as raw material, components and parts. Whereas indirect procurement refers to other acquisition. The following analysis through IT Asset Management will be helpful in the cost-effective procurement system.

Request analysis

The first step is to check, whether the purchase is necessary or not. Best Procurement management help to identify that here itself. If it is really required, you can go ahead. This helps to avoid duplicate purchases.

Supplier analysis

Best Procurement management gives instant access to all the supplier data. If you have two different suppliers for two different purchases, you can check where one supplier could do both and any offer for larger single order. It may financially helpful to your organization. It also helps to Extend the number of suppliers. Maintaining all the supplier detail in a paper-free environment initiate the cost-effective procurement.

Priority analysis

Combining product deliveries to reduce cost depending upon the priority, that is required for the effective procurement Management system. For example, If the first request has medium priority and the second one has high priority, then you can combine these two deliveries. Because the first one is not urgently needed.

Time is money

Saving costs often mean saving time. you can save time through the best procurement strategies because no need to visit multiple websites for the products and catalogues. Then the same time can probably used to strengthen the relationship with your suppliers and to develop innovative business ideas. For large companies, delivery time analysis will be effective. This can lead to several unnecessary iterations. As a result, spending more time to create value for the company can be accomplished.

If procurement is not handled efficiently, it can be difficult to forecast future spending. That’s why this is the right time to find out the perfect tool for your procurement management. Without any doubt, IT Asset Management is the apt tool why because it has all the best practice to save money includes the above-explained parameters as it is.

Other key features of IT Asset Management, which can save your money are

  • Paper-free environment
  • Proper approval process to eliminate gaps
  • No need to waste time to search the invoice for warranty and AMC
  • The process is always better – since not people dependent
  • Less chance of corruption in procurement
  • Better evaluation of Vendor
  • Make sure the right product from the right person
  • One point to store the data

Hence, IT asset management can increase the capability, improve service quality and simplify the entire procurement process in low operating cost.

Also Read, Do you buy licenses for yourself or for your organization?

0
  • Tweet
Tagged under: 5 tips for IT, Best Procurement Strategy, itm, Key features for the money saving procurement, Procurement Management, Save money through procurement

About Jeslin

What you can read next

Sandisk Ultra 32 GB MicroSDHC Class 10 48 MB/s Memory Card
ITM Services, Fixed Asset Auditing & Asset Management Compliance
Fixed Asset Auditing Procedures
ITASSETmanagement.in help
System Admin tools free and opensource

Categories

  • Comingtime
  • Guide and Tutorial
  • Hacking
  • IT Asset Management
  • Mobile
  • Networking
  • News
  • Quick Tips
  • Technology
  • Technology Tips

Recent Posts

  • Top 5 New Year Resolutions for Facility Managers

    New Year’s resolutions are the perfect opportun...
  • How a helpdesk ticketing system benefits customer service?

    The nature of the business can vary greatly fro...
  • Invest wisely on this Diwali with ITM

    Diwali is the festival of joy, traditions and m...
  • Best Help desk Software 2019 – ITM

    Help desk software plays an important role in m...
  • Benefits of Automated Ticketing System

    Automation goes beyond traditional methods that...
  • Why you need a change management software in your business?

    Change management is the process of managing th...

Archives

  • December 2019
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • August 2018
  • May 2018
  • January 2017
  • June 2016
  • May 2016
  • April 2016
  • January 2016
  • December 2015
  • October 2015
  • August 2015

Featured Posts

  • Top 5 New Year Resolutions for Facility Managers

    0 comments
  • How a helpdesk ticketing system benefits customer service?

    0 comments
  • Invest wisely on this Diwali with ITM

    0 comments

GET IN TOUCH

T (+91) 22-66930155, (+91) 9769022209, (+91) 7506600517,
Email: contact @ .itassetmanagement.in

Greenitco Technologies Pvt Ltd
520, Mastermind 1, Goregaon East, Mumbai, India

Open in Google Maps

Faridabad

Greenitco Technologies Pvt. Ltd.
2574, Sector 49, Faridabad, Haryana 121001

  • GET SOCIAL
IT Asset Management Software

© 2016 All rights reserved. Contact us Nextmegabyte
TERMS FOR USE PRIVACY POLICY EULA

TOP
Translate »

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close