SupplyGroups is designed to solve the inefficiencies in manual or spreadsheet based procurement systems. Many organizations user a combination of data in excel spreadsheets and ad hoc analysis to help inform the creation of Purchase Orders from Standing Offer Agreements (SOAs). Keeping track of the many products needed by food service or manufacturing operations, which of the company's sites are interested in them, SOAs, current vendor pricing, requisitions, and POs is a lot of work and often never fully informed or up to date.
SupplyGroups moves the procurement process to the web, and provides access to data and features according to each procurement stakeholder's role. SupplyGroups integrates the procurement process from start to finish. Using the SupplyGroups service should result in lower procurement costs due to the ease with which vendors may submit bids, increasing competition, and the automated, real-time discovery of the low cost bidder for each item. Aside from lowered procurement costs, an organization can realize major productivity gains from staff members involved in supply procurement.
SupplyGroups has been specifically created to help organizations bring the procurement process into the 21st century.
