Maximizing Procurement Efficiency through Purchase Requisitions Load Building

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© 2024 by IJCTT Journal
Volume-72 Issue-5
Year of Publication : 2024
Authors : Prasanna Kumar Reddy Gurijala, Sohit Reddy Kalluru, Ravi Dave
DOI :  10.14445/22312803/IJCTT-V72I5P117

How to Cite?

Prasanna Kumar Reddy Gurijala, Sohit Reddy Kalluru, Ravi Dave, "Maximizing Procurement Efficiency through Purchase Requisitions Load Building," International Journal of Computer Trends and Technology, vol. 72, no. 5, pp. 124-140, 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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