International Journal of Computer
Trends and Technology

Research Article | Open Access | Download PDF

Volume 72 | Issue 5 | Year 2024 | Article Id. IJCTT-V72I5P117 | DOI : https://doi.org/10.14445/22312803/IJCTT-V72I5P117

Maximizing Procurement Efficiency through Purchase Requisitions Load Building


Prasanna Kumar Reddy Gurijala, Sohit Reddy Kalluru, Ravi Dave

Received Revised Accepted Published
17 Mar 2024 19 Apr 2024 03 May 2024 14 May 2024

Citation :

Prasanna Kumar Reddy Gurijala, Sohit Reddy Kalluru, Ravi Dave, "Maximizing Procurement Efficiency through Purchase Requisitions Load Building," International Journal of Computer Trends and Technology (IJCTT), vol. 72, no. 5, pp. 142-150, 2024. Crossref, https://doi.org/10.14445/22312803/ IJCTT-V72I5P117

Abstract

In the distributor business, optimizing procurement processes and reducing freight expenses are crucial, all while satisfying the requirements of our esteemed customers. However, the ever-changing landscape of customer demands poses challenges in accurately predicting inventory needs. This article examines implementing a purchasing requisition load-building approach that enables buyers to consolidate and organize purchase requisitions effectively while adhering to the vendor's minimum buying rules. By employing load-building techniques, transportation costs are minimized by efficiently utilizing transportation resources and leveraging the opportunity to secure favorable purchase prices, such as by ordering complete truckloads.

Keywords

SAP S/4 HANA, Procurement, Digital Transformation, Efficiency in Procurement, Vendor Minimum Buying Rules, Freight Cost.

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