The enterprise is dedicated to achieving digital transformation and building a linking, smart and symbiotic digital enterprise procurement platform.
Individual information systems cannot support the group’s procurement business. Besides, the procurement department of each branch does their own businesses, so the advantage of centralized procurement has not been utilized. The traditional ERP system lacks a functional module in the area of procurement, which means it basically covers order coordination within the group but it fails to support information connection and communication with suppliers.
The process of procurement involves many procedures, making it impossible to get access and save the accurate processing data. Most enterprises will monitor or trace the data after the process of procurement, which easily leads to procurement risks. Plus, enterprises lack sound supervising methods for procurement management, so they cannot track the procurement data, which is likely to cause blind spots in supervision.
The traditional sourcing method for procurement relies on the purchasing agent’s subjective initiative. However, the method has a heavy workload and is inefficient. Traditional bidding process requires the participation of a lot of personnel, so the cross-department workload is huge. The traditional method of executing orders relies on follow-up of the purchasing agent, but offline communication is inefficient and often yields no results, which means that data is unsystematic and hard to be traced. Shortcomings of traditional procurement methods are exposed completely.
The rules and regulations of procurement management focus too much on its form, so while people are undertaking procurement, they cannot refer to the rules and regulations. Besides, the executive procedure is not standardized, the evaluation standard is not unified, while the procurement procedure is not refined and the connection between upstream and downstream is not smooth. From supplier access, bidding, inquiry and quotation at the front stage, to order execution, good delivery, warehousing, receipt issuance, balance check, financial payment and supplier evaluation at the back stage, the whole process lacks information connection.
Generally speaking, procurement materials are managed in the enterprise’s procurement system such as ERP and OA. However, as systems are established separately, information cannot be integrated together, forming individual information islands. Since data and procedures cannot be matched, a lot of offline communication is needed, which is inefficient and has a high error rate.
We are dedicated to the digital transformation of Chinese enterprises. According to the analysis and discussions of the operation of thousands of Chinese enterprises, we have carried out in-depth research in the field of digitalized enterprise procurement development. Kingdee Cloud – Cosmic’s major aim is to build a linking, smart and symbiotic digital enterprise procurement platform in the process of establishing a new business model.
The product design concept is open, intelligent, and convenient, aiming to help enterprises find the best cooperation resources, achieve efficient collaboration, and create a win-win platform for enterprises and suppliers.By connecting multiple procurement e-commerce providers, it supports multiple procurement modes such as shopping mall procurement, price comparison procurement, bidding procurement, and strategic procurement, helping companies reduce procurement costs and establish strategic partnerships with suppliers.
Robotic Process Automation (R.P.A.) is a software that can automatically handle various standard and monotonous business processes, thus helping companies achieve their intelligent financial transformation, and giving personnel time to invest in more beneficial projects.
Early warning before risk events, control during risk events and analysis after risk events. Risk management is based on big data.
Order status, logistics and stock are visible from the beginning to the end, helping to avoid risks and reduce workload. Through this method, the efficiency is improved and the whole process is more intellectual and automated.
Procurement execution, stock and financial data are transmitted synchronously to suppliers, which achieves cross-system real-time data sharing.
All procurement is based on the e-procurement platform shared by the whole group, meaning that all data and processes can be traced.
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