Procurement

Streamline processes, reduce costs
and manage supplier disruptions

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Skan for Procurement 

Streamline your procurement processes with Skan’s AI-powered Process Intelligence, designed to enhance supply chain efficiencies, minimize costs, and effectively manage supplier risk. By harnessing the power of AI, our platform transforms procurement by identifying standardization and automation opportunities, optimizing cost management, and ensuring smooth supplier integration for comprehensive operational excellence.

Plane

Drive Operational
Excellence 

Identify standardization and automation opportunities to boost productivity, and reduce variability, processing time and turnaround time in order to drive efficiencies and be more responsive to vendor disruptions.  

Doller_Three_Round

Reduce Cost of
Processing

Measure and analyze unit cost of processing, identify root-causes of effort, time and cost of processing, eliminate non-standard activities and reduce effort, time and cost of processing. 

Hand Shaking

Streamline Supplier 
On-boarding

Identify automation opportunities so that workers spend less time on repetitive non-value added work, such as cutting and pasting data, and more time with suppliers, analyzing and making decisions that manage supplier disruptions.   

Skan for procurement

Skan for Procurement

Leading procurement organizations use Skan across critical business operations and use cases. 

Sourcing and Supplier Selection

Sourcing and Supplier Selection

Optimize sourcing, improve efficiency and effectiveness. 

  • Demand Analysis and Requirement Definition
  • Supplier Identification and Qualification
  • Request for Proposal (RFP) and Bid Evaluation
  • Negotiation and Contracting
  • Supplier Onboarding and RelationshipManagement

Purchase Requisition and Approval

Purchase Requisition and Approval

Streamline review and approval, reduce errors and improve user experience.

  • Requisition Creation and Submission
  • Routing and Approval Workflow
  • Exception Handling and Escalation
  • Status Tracking and Communication
  • Audit and Compliance Checks

Purchase Order Management

Purchase Order Management

Optimize processes, reduce rework and costs.

  • Order Creation and Documentation
  • Approval Workflow and Authorization
  • Order Tracking and Status Updates
  • Supplier Communication and Confirmation
  • Change Management and Amendments

Invoice Processing and Payment

Invoice Processing and Payment

Drive operational excellence, improve quality and reduce turnaround time.

  • Invoice Receipt and Capture
  • Invoice Verification and Approval Workflow
  • Exception Handling and Discrepancy Resolution
  • Payment Authorization and Processing
  • Recordkeeping and Compliance Documentation

Supplier RelationshipManagement (SRM)

Supplier Relationship
Management (SRM)

Optimize supplier processes, reduce cost and manage risk.

  • Supplier Onboarding and Qualification
  • Performance Monitoring and Evaluation
  • Contract Management and Compliance
  • Collaborative Planning and Forecasting
  • Issue Resolution and Communication

Sourcing and Supplier Selection

Optimize sourcing, improve efficiency and effectiveness. 

Business Use Cases
  • Demand Analysis and Requirement Definition
  • Supplier Identification and Qualification
  • Request for Proposal (RFP) and Bid Evaluation
  • Negotiation and Contracting
  • Supplier Onboarding and RelationshipManagement

Purchase Requisition and Approval

Streamline review and approval, reduce errors and improve user experience.

Business Use Cases
  • Requisition Creation and Submission
  • Routing and Approval Workflow
  • Exception Handling and Escalation
  • Status Tracking and Communication
  • Audit and Compliance Checks

Purchase Order Management

Optimize processes, reduce rework and costs.

Business Use Cases
  • Order Creation and Documentation
  • Approval Workflow and Authorization
  • Order Tracking and Status Updates
  • Supplier Communication and Confirmation
  • Change Management and Amendments

Invoice Processing and Payment

Drive operational excellence, improve quality and reduce turnaround time.

Business Use Cases
  • Invoice Receipt and Capture
  • Invoice Verification and Approval Workflow
  • Exception Handling and Discrepancy Resolution
  • Payment Authorization and Processing
  • Recordkeeping and Compliance Documentation

Supplier Relationship
Management (SRM)

Optimize supplier processes, reduce cost and manage risk.

Business Use Cases
  • Supplier Onboarding and Qualification
  • Performance Monitoring and Evaluation
  • Contract Management and Compliance
  • Collaborative Planning and Forecasting
  • Issue Resolution and Communication

Business Value Metrics

Leading procurement organizations use Skan to drive better business outcomes

25%
Reduction in turnaround time

Global procurement organization 

50%
Improvement in operator productivity

Global procurement organization 

25%
Reduction in error rates and case rework

Global procurement organization 

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