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iPOS Procurement for SunSystems >> back to the Infor SunSystems main page
iPOS for SunSystems is directed at organizations that emphasize the reduction of purchasing costs as well as the provision of quantifiable ‘bottom line’ savings to the company or organization. iPOS harnesses the power of the internet to let users avoid the limits imposed by hard copy requisitioning and approval and, at the same time, allows managers to see cost s from requisition to payment.
iPOS utilizes a web browser together with the latest technical advances to create a requisitioning system that is intuitive and easy-to-use. The approach is crucial to achieving substantial cost savings, operational efficiencies and a greater return on investment.
iPOS Features
iPOS purchase functions include self service requisitioning, catalogue searches, virtual company searching, purchase order creation, work flow-driven approvals, receiving goods, returning goods to suppliers, correcting receipts, as well as supplier invoice entry and approval.
The Benefits of Requisitioning
Reducing cycle time decreases operating costs and working capital requirements. Electronically transmitting orders to suppliers results in meaningful, substantive cost savings. This saves time for management, diminishes handling inaccuracies and delays, and eliminates tasks such as entry request duplication or hard copy approvals that do not add value.
Process Automation
iPOS addresses the loss of funds that can occur if items are bought at list price, rather than though the use of discounts applicable under a volume pricing agreement. With iPOS, companies have the ability to funnel all purchasing activity through one system and use their preferred suppliers, thus significantly decreasin 'maverick buying'.
Ease of Use
Because the iPOS requisitioning system is intuitive, convenient, and attractive to use, companies find that their employees are enthusiastic about working with it. iPOS avoids the pitfalls that can occur when user adoption is limited.
Savings
iPOS can save money in two ways. First, all purchasing lifecycle records are kept through self-service automation, eliminating the need for hard copy. Second, contracts containing cost savings can be negotiated because price, quality and delivery data for purchases made at all localities are readily available on screen.
Integration
Most requisitioning systems are not well integrated with financial systems making it difficult to obtain advantages that ought to be possible. Because iPOS is tightly integrated with SunSystems, it is able to avoid this problem and optimize benefits.
Self Service Simplifies the Process...
... and eliminates duplication so that the entire purchasing life cycle is easier and occurs more rapidly. Because staff enter requests, double entry requirements are no longer needed. Hard copy is eliminated and time is saved.
Building the Business Case for Requisitioning
The benefits of using requisitioning systems are well publicized. Sapphire suggests that two approaches are critical to making a business decision to implement one — the Process Model and the Compliance Model.
The Process Model estimates the cost of an organization’s purchasing process multiplied by the number of invoices and orders. It then uses this number as a base against which to measure savings. The Process Model emphasizes economies in the time that is spent on inquiries, transaction states follow up, and time required for approvals. Because the approach centers on time and motion , it can have problems.
The Compliance Model addresses the standardisation of the purchase policy and procedures, and purchasing on the company's pre-negotiated terms and conditions. Savings occur because goods and services are bought only through the use of an automated process.
Savings Obtainable With Requisitioning
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