PorterLogic launches procurement management functionality to empower manufacturers and value-added distributors to optimize their operations, streamline supply planning and achieve waste reduction goals.
PorterLogic's new procurement management templates enable companies to define their own boundaries by tailoring workflows precisely to their unique challenges and operational nuances. Within one week of going live, businesses start seeing a reduction in waste in both materials and operations. After launch, the business can continuously and iteratively refine and enhance the workflows.
“With PorterLogic, you tailor the workflows to fit your needs better than other systems can. This helps you order the right amount of product, at the right time, every time,” says PorterLogic Founder and CEO Jonathan Porter. “PorterLogic’s modular and composable structure allows us to launch a tailored system within weeks and doesn’t require organizations to rip out what they already have.”
Key Takeaways:
- These efforts lead to improved demand planning, more efficient purchase order (PO) management and enhanced vendor relationships, ultimately resulting in reduced waste and increased throughput in their warehouses. Using the procurement management templates, users can:
- Automate purchasing processes by generating POs based on forecasts, lead times and thresholds for products at risk of stockouts or delays.
- Efficiently manage vendor relationships by centralizing information and automating requests, providing visibility to vendors through a portal and holding vendors accountable for on-time and accurate shipments through scorecards.
- Improve planning accuracy with a comprehensive view of the supply position, including expiring inventory and spoilage.
