Problem Statement:

A big part of running a business involves the procurement of goods and services. But when each contract involves discussion, paperwork, and approvals, it’s easy for your company’s process to become disjointed and lost in the pipeline.

Onit Solution:

With Onit’s sourcing app, you will be able to manage your tasks, collaborate with all parties involved, share documents, and create budgets for your projects. You will know how many contracts you have, where in the approval process they are, and be able to easily communicate with inside and outside parties.

Value Prop:

Once you’ve organized the first project, you will be able to apply the same process to other projects, increasing productivity, cutting costs, and allowing you to get on with business.

The Point

"Making your procurement New Year’s resolutions – includes top 5 procurement and supply chain predictions for 2012" Learn More »
Source: Kelly Barner

Spend Management

"What every company needs to know about spend management practices in Fortune 100 companies" Learn More »
Source: TradingPartners

1. Identify, estimate, and schedule the material resources required to support the project.
2. Obtain quotations.
3. Obtain a purchase order from the customer for materials to be acquired on the customer’s behalf.
4. Systematically manage the handling and storing of all physical inventory items of hardware or software.
5. Approve vendor invoices for payment.
6. Prepare a customer invoice for received materials that are cost-recoverable.