Digitizing Procurement Journey for
Direct Materials

Play a more strategic role in meeting today’s challenges

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From metals and chemicals to plastics and paper products, direct materials are used in every industry to manufacture goods that they sell. However, in today’s dynamic supply chain, manufacturers across all industries face challenges when it comes to procuring direct materials.

Most companies often experience massive roadblocks right from planning, sourcing, and engineering to servicing and making finished goods. In fact, these challenges are not associated with cost but supply chain resilience and sustainability. A survey outlined that over 85% of companies struggled with inefficient digital technologies across their supply chain and have an opportunity to realize an economic value of $12 billion to $15 billion annually with accelerated digitization. To achieve resilience, companies are shifting focus towards cross-functional digital procurement operations while moving away from rigid Excel spreadsheets and ERP systems.

Procol’s smart procurement solutions are designed to channelize digital disruption for India’s leading procurement teams. Our unique capabilities help companies align their demand and supply structure, enable supply chain efficiency, and reduce associated risks.

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Procol Provides

Consolidated Data Management

Capture and maintain data on a unified platform to reduce transaction and duplication errors throughout the organization. Procol’s best-of-breed solutions lets you integrate your existing system on a streamlined platform and trace your procurement journey in real-time to achieve the end goal for your business.

Procol Provides

Category Management to Tactically Manage Spends

Realize cost savings and risk mitigation with intelligent spend analytics that includes category-wise reports and vendor performance analytics. You can also manage multiple SKUs, contracts, and categories based on rigorous, factual, and collaborative analysis.

Procol Provides

Escalate Speed of Market with Minimal Supply Disruptions

Conduct multiple e-auctions simultaneously to reduce the turnaround time of PR to PO by handpicking suppliers based on bids, ranking, transit time, and performance.

Procol Provides

Discover New Vendors

Utilize Procol’s ProDiscovery solution to onboard and manage new vendors from our pool of 10000+ vendors. Benefit from real-time competitive bidding and extensive negotiation to unlock cost savings and efficiency.

Highlights

Cr+

Procurement spend managed

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Suppliers spread all over India

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Average savings offered

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Events conducted across 25+ customers

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Insights from Procol

forbes

“Helps companies make purchases from suppliers who bid for their business in a live online platform”

— Forbes 30 Under 30 Asia
business

“The startup helps food retailers procure inventory online, has clients such as Bikanervala and Big Bazaar.”

— Yuvraj Malik
cpo

“A single platform for sourcing, collaboration, commodity insights; helps businesses save cost and time”

— Editorial Desk

Procol can revolutionize procurements for you.

#CallProcol today to facilitate deployment in <2 weeks and realize savings and operational efficiency from your direct materials spend with a smart solution for managing suppliers, sourcing projects, contracting, and rate management.

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