Clients in this space require high quality, branded and certified products for specific use. The limited number of suppliers for goods in this sector leads to low opportunity to negotiate prices and terms. Supplier onboarding is also a challenge and it takes a long time to get suppliers who adhere to high regulatory standards. There is a focus on inventory and specialized SKUs. It is critical to have sufficient inventory and get supplies on time since a sudden rush of patients or an outbreak can lead to high demand in a very short period.
With supplier aggregation, save up to 10% on your low value spend, reduce requisition to buying time by 30% and increase resource efficiency by 20-25%.
End to end buying platform which includes extensive catalog, 3 bid buy, inventory and budget management and spend analytics. Say goodbye to paper with electronic approvals and audit trail.
Robust supplier prequalification and onboarding ensures adherence to policies and processes. Audit trails ensure fraud prevention and avoid pilferage.
Built in budget and inventory features help you to efficiently manages expenses and avoid stock-outs. Spend dashboards enable to compare spend patterns and put in strategies to meet target savings.