Procurement

Procurement obtains the required inputs a business needs to add value to and deliver after a conversion process. Outpar provides technical and human resources to manage the acquisition of those resources. Outpar integrates with supplier systems to enhance controls and enforce parameters which relate directly to an organizations performance.

Outpar offers the following services relating to procurement:

• Purchase orders (confirm purchases with vendors)
• Open to buy budgets (purchase based on costing parameters)
• Terms negotiation (manage payments and performance to vendors)
• Purchase contracts (reward top vendors and maximize profits)
• Bulk purchases (secure large quantity pricing)
• Material requirements planning (order based on defined needs)
• Just in time ordering (reduce inventory carrying and handling costs)
• Economic order quantities (optimize orders amounts and frequency)