Procurement
Procurement manages how a company buys goods and services. It focuses on sourcing, approvals, and controlling spend.
What it is
Procurement manages how a company buys goods and services. It focuses on sourcing, approvals, and controlling spend.
What it does day to day
- Manage supplier lists and pricing.
- Create purchase requests and approvals.
- Issue purchase orders and track delivery.
- Reconcile receipts and invoices.
Typical data
- Suppliers and contracts.
- Purchase requests and approvals.
- Purchase orders and receipts.
- Spend categories and budgets.
Where it overlaps
- ERP for accounts payable.
- Inventory planning for replenishment.
- WMS for receiving and stock updates.
When procurement is the priority
- Spending is untracked or inconsistent.
- Supplier performance is unclear.
- Approvals cause delays or rework.
How Fleksi.io fits
Fleksi.io can model approval workflows and track delivery confirmations so procurement and operations stay aligned without manual follow-ups.