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Procurement is the purchase of all goods and services needed for a company to stay sustainable. A procurement management system streamlines the evaluation, selection, and authorization of contracts with all suppliers. It also manages ongoing supplier relationships and the transactional purchasing of goods and services. In essence, a procurement management system is the complete source-to-settle cycle solution for supplier invoice payments.

Having a Procurement Management software to manage the process for you can make all the difference for your business. Here are 7 must-have features of a good Procurement Management system in order to be effective.

Singapore Budget 2018 Infographic

 

Key highlights of the 2018 budget

On 19 February 2018, Finance Minister Heng Swee Keat delivered the Budget Statement of Singapore for 2018. The budget which was presented under the heading “A Better Future” was revolutionary, as it was aimed at sparking the next waves of the technology revolution. Introducing a new crowdsourcing platform, funding research, and development, opening ports to test new technologies and funding a new robotics program highlighted the commitment of the government toward this paradigm shift.    

Any company with an inventory knows that right inventory management can bring a tremendous amount of profits to a business.

One of the most effective ways you can improve the efficiency of your inventory is by investing in an inventory management software. For those who are still sitting on the fence on deciding an inventory control software is the right investment for your business… Below we’ve listed seven advantages of an inventory control system to help you make a better decision.

Today, you find many vendors selling WMS systems. Yet, only a few offer the advanced features to take your warehouse from regular to amazing. 

This is why many business organization feels exhausted right after they started their search for a good warehouse management system as they don’t have a clear idea of what directions to look for? What features help you maximize your warehouse managing processes and ultimately impact on improving customer satisfaction? 

Thus, we put together a list of 10 most valuable features of a warehouse management system to help you go for your WMS hunt with much more confidence. 

Without the right inventory management system in place, your inventory handling can go out of style, cause more waste in items and even cause product misplacement and thefts. Especially when your business expands and the warehouse gets bigger.

This is the reason it’s always a good idea to invest in a good inventory management system.

So how do you find a good inventory management system from the hundreds of products available on the market? What to look for? What to compare? 

This is a list of traits that make an inventory management system a good one to purchase in order to help you choose the right inventory management system for your business.