Slingshot's Buy module enables the purchase of materials and services for your company. It works hand-in-hand with Request, in which requisitions are entered, approved and then forwarded to Buy for procurement. Buy also receives signals from Plan to purchase inventory items at the optimal time (or to recommend order quantities for unplanned items).
Purchasing Practices for Professional Procurers
Slingshot’s purchasing module is called Buy. It works really well with another module of ours called Request. The two work together to bring you the following high level features:
Maximize your discounts by aggregating all possible purchases Reduce “maverick” buys by driving all purchases through approved contracts Automate tedious and error prone account coding Automate purchase approvals and eliminate disruptive status request calls to purchasing Derive GL account coding based on employee’s position and products selected.
Purchase, Buy or Procure – It’s Your Call
For the power user, Buy turbo charges complex processing, bringing speed and efficiency to the fingertips of your purchasing team.
Automate purchase approvals using powerful and simple workflows Speed invoice processing with approval rules (including 2 & 3-way matching) and workflow routings Mixed purchase orders are a breeze (expenses, fixed assets, inventory, services) Review full purchase history with any supplier at any time Enjoy a range of time saving multi order entry tools Shop by list, kits and template orders
Purchasing Features and Benefits for Your Business
Slingshot’s Buy module sits at the heart of the complete procurement solution. Requisitions for items to be purchased are entered in Request, approved electronically and forwarded to the purchasing team, who use Buy to aggregate and drive all purchases through corporate contracts. Buy can also receive signals from Plan to purchase planned inventory items for delivery at the optimal time.
On-line Purchasing: Internet connectivity shortens acquisition cycles, tightens supplier communications, improved efficiency and reduces costs. More Procurement Options: The internet extends opportunities for reducing costs by using on-line auctions, price search engines and collaborative purchasing strategies (aggregating) to improve purchasing power. Set the Processing Path: A range of (configurable) order types enable your control over the processing, approval and fulfillment life cycle of each order. Speedy Entry: Multiple tools are used to make sure purchase order entry is simple and quick. Data defaults, shopping lists and copy tools combine to speed repetitive processing. Prior approvals can also be inherited from Requisitions our of the Request module. Accurate Supplier Records: Using internet defaults, supplier information can be routinely updated (by each supplier) during the fulfillment of each order.
Real Time Purchasing Information is at Your Fingertips
Slingshot’s procurement and requisition management modules work together to provide full visibility of business transactions to those who need it, when they need it, wherever they need it. Enjoy having access to real time procurement information that will help you and your purchasing team make better decisions, more quickly.
Recommended Reading
The functional features common across all of our applications are listed in a separate module. Features such as a user configurable dashboard, automated alerts, workflows and role based security are included as standard in all our modules. You can check them our here: Enterprise Level Features.
