With the implementation of KProcure, TPS was able to fasten up their end-to-end procurement process by 2-fold and the communication between all the key stakeholders became instantaneous. This allows TPS to make quick decisions on supplier shortlisting and gives space to maintain all the reference materials online for future reference and audit purpose.
This platform allows TPS to consistently audit and assess the performance of their existing Suppliers and hence can maintain the Supplier rating and performance score card properly. This platform has enabled TPS to cut short the original time taken to onboard any new Supplier by half and has facilitated the approval process to happen online as well.
With the support of KProcure, TPS has no more complaints on missing notifications due to the maintenance of complete notification history in the system and right set of auto-generated Alerts to keep the stakeholders up-to date on due dates for various activities.
Introduction of this Platform enabled TPS to eliminate heavy manual dependencies, poor document maintenance, missing timely communication and delay in decision process flows and helped them to improve the overall performance of the Procurement and Supplier Handling team.