Mechanical Engineering Services

Sourcing & Procurement

SolidPro procurement solutions and sourcing are based on category management, deep sourcing, and procurement proficiency. Our expertise in this area is powered by digital technologies, analytics, and automation. Our streamlined activities connect data, and technology to people and processes delivering greater experiences and long-lasting value.

Procurement Spend Analytics

We organize and fetch scalable technology with analytics experts to arrive at precise results. This provides a competitive edge to the category and sourcing team's confidence in the spend data, such that they focus on delivering value.

Spend-analysis Exercise Can

  • Rationalize the supply base
  • Deliver Cost savings
  • Reduce spend
  • Harmonize pricing across Centres

Robotic Process Automation in Procurement

(RPA) Robotic Process Automation frees up the procurement team's time from routine administrative tasks and aids in focusing on core activities of procurement-related activities.

Uses of RPA in Procurement Process

Purchase Request To Purchase Order

Traditionally the Procurement team had to raise a request and create manual Purchase orders. There was always a scope for error and time delay.

With the advent of SolidPro RPA process integration the possibilities of completion of the entire procurement cycle have been made seamless and easy for the teams in a very short time.

Once the Purchase Order – (PO) is raised, the software automatically follows a workflow. It assesses the requests, seeks appropriate approval, and proceeds to raise the PO request.

Demand and Supply Planning

Demand Supply Planning involves loads of complex execution involving several stakeholders. RPA helps teams and organizations by removing silos. It facilitates managing procurement, shipping, warehousing, and inventory and manages them as a single centralized team.

This helps the procurement team to take stock of the real-time situation for each job-level task when a warehouse is full of inventories. RPA helps organizations in the end-to-end management of demand and supply as the software detects the workload, RPA automatically notifies the procurement department and facilitates procurement planning.

Inventory Management

To meet customer demands, organizations have to continually monitor Inventory levels, hence Inventory is the core of all businesses. RPA facilitates the management and monitoring of inventory levels and notifies the procurement team in real time. This helps the procurement team to plan and update inventory levels at any point in time for them to prepare reports and order products based on their assessment of current and future requirements.

Work Order Management

Work Order Management helps Procurement teams to track individual customer requests. Any lapse in completion of (WO)- Work Order leads to loss or revenue leakage.

RPA helps procurement teams to overcome such incidents and facilitates better administration through efficient work order management processes. The software notifies the team once the work order is created and allocated for the procurement team to execute the task. On completion of the work order activity, the software closes and notifies real-time status to customers.

Invoice Processing

Invoice processing involves end-to-end management of invoices. Manual invoicing involves multiple steps and procedures before receiving it to posting it in the accounting system. There is a risk of delay and human error involved.

RPA aids procurement teams to minimize errors and reduce time with its automated process. It generates the OCR for the procurement team to extract relevant data and the software automatically matches it against the Purchase Order. If all fields match, the invoice is automatically posted to the accounting system. Such ease of practice also helps the entire practice be completed in four steps.

Benefits Of RPA In Procurement Process

  • Curtailing manual intervention by automating the complete process
  • Benefits in processes where there is a need for human intelligence to decide
  • Develops robust audit track for future use
  • Reduce manual intervention and enable focus on strategic initiatives