Mitigate purchasing risks, improve purchasing governance and buy products and services at the best value-to-price ratio by establishing and managing strategic sourcing policies in SYSPRO’s Preferred Supplier feature. Preferred Supplier is a feature within SYSPRO’s ERP that facilitates and optimizes the management of sourcing strategies in procurement, and for the recommended selection of suppliers during the purchasing cycle.
Key benefits of Preferred Supplier
- Mitigate Purchasing Risks Reduce the risk associated with satisfying material demand, preferential negotiated rates, cost or demand planning optimization by managing your strategic sourcing policies more effectively
- Buy Products and Services at the Best Value-to-price Ratio Leverage whole-company spending potential by establishing longer-term preferential agreements that provide a competitive advantage. Preferred Supplier supports planning and pricing adherence, enabling you to negotiate favorable terms, and secure prices with suppliers proportionate to volume – improving the value-to-price relationship
- Improve Purchasing Governance Adhere to regulatory standards and share best practice by enforcing policies that deal with selected approved suppliers. Preferred Supplier allows you to work according to specific local government policies with the addition of electronic signatures to remain compliant
