Digitalize The Process Of Purchase Efficiently With The Help Of Benjamin Choukroun

1. Digitalize The Process Of Purchase Efficiently With The Help Of Benjamin Choukroun

2. Purchase is the initial process and the deciding factor of the price of the product. The company should procure raw materials and other supplies from the lowest bidder which also offers quality goods. The raw materials are procured from the most approachable supplier. Keeping too much stock of raw materials adds to the storage cost of the final product. The final product is perfect only if the raw materials are procured smartly. The purchase has to be looked after by well-trained personnel.

3. They should be qualified enough to understand the whole production process. We must find a way to maximize profit and minimize costs while procuring materials for a retail seller. The various steps when digitalized can hasten the process of purchase. The company can become digital by approaching people like Benjamin Choukroun. They make administrative support systems as per the requirement of the client.

5. The following are the duties of Purchase Administrative support: 1. Planning and organizing inventory- Inventory not planned correctly can lead to heavy losses. The raw material has to be made available at the right time, otherwise leading to downtime in the factory, leading to an increased cost. The purchase administrative staff should keep track of the inventory and place orders before the inventory reaches the minimum stock quantity/safety stock.

6. 2. Prepare Purchase Orders: They are required to make purchase orders for the stock required. The purchase orders are planned in such a way that the material arrives on time. 3. Tracking shipments-The shipments have to be tracked diligently. Any misplaced shipment can be a cause of trouble.

7. 4. Price Negotiation: The administration support has to ensure that the materials received are at a competitive rate. The person should know how to negotiate and get things done. Price negotiation is the most vital duty of the purchase administration support.

8. 5. Reduce Inventory Costs: The cost of storing inventory is high as care should be taken that there is no loss of inventory. The administration support should procure materials from suppliers who can supply materials at a short notice period. In turn, leading to cutting down inventory costs. The materials stored for long periods have the possibility of being lost due to theft, etc.

9. 6. Quality Control: The quality of the materials purchased needs to be checked before accepting the same from the supplier. Any fault in the quality of goods can lead to heavy losses. The purchase administrative staff has to ensure that the quality and specification of the materials match the requirement in the purchase order.

10. The Purchase department is undoubtedly the most vital part of the organization. If the purchasing team is not strong, then the company will not survive for long. We should be able to provide our customers with quality products at competitive rates, without which nobody will buy our products.

11. Digitalizing the process will reduce the burden on the Purchase administration staff. For example, digital purchase administration support will place an order for raw materials as soon as the inventory reaches the safety level. The movement of a company from paper to digital can be made easy with the help of experts in the field like Benjamin Choukroun.Source credit : https://medium.com/@benjaminchoukrounCEO/digitalize-the-process-of-purchase-efficiently-with-the-help-of-benjamin-choukroun-7d95a227b77a

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