Procurement Software with Inventory Management

Why is inventory management important for procurement software users?

Based on GetApp's analysis of 100 verified reviews collected between July, 2021 and August, 2024

Inventory management in procurement software ensures accurate stock levels, prevents overstocking or shortages, optimizes lead times, and improves vendor selection. It streamlines tracking, receiving, and distributing goods, enhancing overall efficiency. Of the 100 reviewers who rated inventory management, 84% rated this feature as important or highly important.

Key features of procurement software based on insights from 652 verified reviews

• Purchase Order Management: Users value transparent tracking, easy PO creation, and real-time status updates, which streamline procurement and enhance budget control. 93% of reviewers rated this feature as important or highly important.
• Approval Process Control: Reviewers highlight customizable workflows, mobile access, and enhanced compliance, ensuring efficient and accountable purchase approvals. 92% of reviewers rated this feature as important or highly important.
• Access Controls/Permissions: Users appreciate role-based permissions, which protect confidential information and ensure proper allocation of controls based on user roles. 88% of reviewers rated this feature as important or highly important.
• Workflow Management: Reviewers note efficiency gains through automated, customizable workflows that ensure smooth approvals and adherence to procurement policies. 88% of reviewers rated this feature as important or highly important.
• Invoice Processing: Reviewers appreciate OCR technology, integration with accounting systems, and streamlined processes for faster, more accurate invoice management. 82% of reviewers rated this feature as important or highly important.