Slingshot's Request module allows you to reduce the internal costs associated with paper requisitions, tighten financial controls with electronic approval and create a solution that drives more purchases through your corporate contracts.
Requisitioning and Purchasing Go Hand In Hand
Slingshot’s requisitioning and purchasing modules are called Request and Buy. They work together (or independently) to bring your employees into your requisitioning/purchasing process. So, if you’re reading this (all about our requisitioning module), you should also read up on our purchasing module (called Buy) as well.
Benefits for Your Business
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.
Request the Best – Nothing Less
Provide for employees and external self service customers with one requisitioning system. Reduce internal costs associated with paper requisitions (remember the paperless office…), tighten financial controls and drive all requisitions to corporate contracts. Doing this increases your efficiency and optimizes every dollar spent (everyone wants to save a few Sheckles, right?) when requisitioning materials or physical assets.
Your employees can:
Begin entering requisitions with little or no training Lodge requests using familiar shopping cart routines Browse catalogs, order from a shopping list or copy earlier requests Order by inventoried item, by kit or any number of other requisition methods Receive automated email notifications of their requisition’s progress Nominate preferred supplier and shipment method
Take Your Craft of Requisitioning to the Next Level
Slingshot’s Request module collects, approves and fulfills requisitions via the internet. Any authorized team member can enter requisitions quickly and easily (and review and update open requisitions) from any internet browser. Electronic notifications at every step of the process eliminate unnecessary calls to Purchasing, saving time and money. The internet makes it possible to implement this solution quickly and inexpensively across many locations.
A non-exhaustive list of features follows:
Self Service Requisition Entry: All the latest “shopping cart” functions you would expect to see combine to provide your team members (and external customers) with the mechanism they need to quickly and easily submit requisitions for the purchase of materials or services Instant Feedback: As a requisition is entered, the requestor is informed, in real time, whether the items being requested are in stock, and if not, a series of procurement options. Check Out and Electronic Approval: At checkout, an electronic approval process commences where material and financial approval paths may be split. Electronic approval allows you to ensure that a complete and appropriate review is conducted for all expenditures. A permanent record of each review is maintained providing proof of compliance with governmental regulations and internal procedures. Audited Receipt and Delivery Processes: On receipt of procured items, a receipt is entered and the requestor is notified electronically. Delivery receipts may also (through integration with Buy) be invoice matched for financial tracking purposes. Job Costing and Tracking Facilities: Kits, jobs and projects may be used for large procurement processes. Flexible electronic approval controls enable multi-level approvals. Financial Control: Expense accounts for procured items are configured to enable automated transactional control. Work Order Approvals: Work orders and requisitions of stocked materials can be entered and routed for approval. Work order lines can include both stocked and non-stocked items. Labor costs and additional charges can be recorded as well. Online Bidding And Auction Facilities: Use online bidding to continually drive down costs. Quickly prepare a request for quotation and post it on your supplier portal. Each request lists the products and services you need along with required terms and conditions. Contract Management: Initiate, negotiate, activate and monitor supplier contracts. Direct spending to contracts with strategic suppliers and reduce costs while improving product quality and delivery performance. Supplier Relationship Management: Formalize the process of setting up and approving new suppliers. Reduce errors and document “buy in” from all interested parties. Maintain comprehensive information including multiple addresses, capabilities and terms & conditions of promotions.
Real Time Information About Procurement 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
