Smart Procurement thanks to artificial intelligence
Manage your indirect purchases as well as your strategic purchases: control your data, from purchase request to payment, and make the day-to-day work of your purchasing functions easier by automating your processes and centralising purchases.
Consumer difficulties
As indirect purchasing is the poor relation of purchasing management, shortages and out-of-stocks are frequent. Monstock enables you to digitise your customer purchasing and supplier purchasing processes in order to manage your orders from end to end.
Excessive costs:
5% of indirect purchases for 70% of costs
The fragmentation of purchasing entities:
Multiplication of references, management costs, etc.
Increase in Total Cost of Ownership:
For relatively low initial purchases
Customer gains with Monstock
The Monstock platform enables you to automate your processes: automatic supplier replenishment, supplier orders, automated delivery and recorded returns, purchase forecasts and intelligent ordering.
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Our customers
Unified product catalogue
Artificial Intelligence-assisted control proposal
Application processing and automation
Purchase orders / Purchases
Reception
Steering / Control tower
Gestion mutli-sites / multi-emplacements
Automatic alerts
Traceability
Dashboard
Key benefits
Benefit from a whole host of advantages thanks to Monstock, a solution that revolutionises and automates your stock and replenishment management.
Request a demonstration- Streamline and centralise your product catalogue
- Digitalise, automate and optimise your purchasing process
- Manage and approve all your invoices by automating your processes
- Check that goods ordered have been received correctly
- Real-time visibility for your purchases
Smart Procurement FAQ: Automate your procurement with AI
What is Monstock’s Smart Procurement service?
Smart Procurement is a Monstock solution designed to digitise, centralise and automate the management of indirect and strategic procurement. Thanks to a cloud-based solution enhanced by artificial intelligence, companies can gain better control over their procurement data, from purchase requests through to payment. The aim is to simplify day-to-day operations for procurement teams, improve order management and streamline procurement processes.
How does Smart Procurement simplify the management of purchase requests?
Smart Procurement enables the structuring and automation of purchase request processing, thereby reducing manual tasks and fragmented communication. Teams can centralise requirements, track approvals, generate purchase orders and maintain better traceability of actions. This approach helps procurement departments to become more efficient, whilst improving visibility over workflows, orders and supplies.
What role does artificial intelligence play in smart procurement?
The artificial intelligence built into Smart Procurement supports teams in analysing data and optimising procurement decisions. It can help organisations make better use of available information, streamline order processing and improve procurement management. Combined with process automation, AI helps businesses become more responsive, better anticipate their needs and streamline their procurement processes.
Can we centralise purchasing, suppliers and goods receipt with Monstock?
Yes, Monstock enables you to centralise information relating to procurement, product catalogues, supplier orders and goods receipts. Teams gain a clearer overview of data, statuses and completed operations. This centralisation makes it easier to track procurement, trace received goods and coordinate between procurement, logistics, finance and operational teams, all via an accessible and scalable cloud-based solution.
Does Smart Procurement help to better manage the procurement cycle through to payment?
Smart Procurement supports businesses throughout the entire procurement cycle, from the initial request through to payment, including approval, ordering, receipt and invoice tracking. The solution helps to automate processes, ensure data reliability and improve the traceability of transactions. This enables teams to better manage their procurement, reduce data re-entry and access useful metrics for decision-making.
Would you like to manage your indirect procurement more effectively, streamline your strategic procurement and gain greater visibility into your data? Find out how Monstock’s Smart Procurement helps procurement teams centralise, automate and optimise their processes, from purchase request to payment.
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