Sourcing and procurement have become pivotal to the success of an organization today. It has transformed into a strategic function from an operational one. As India aims to become a manufacturing powerhouse and more and more manufacturing companies are emerging, the relevance of sourcing and procurement consulting is even more and will continue to go up. Customers expect to receive products or services from their suppliers at the right quality, the right price, and at the right time. This is always easier said than done. One needs to connect with a wide supplier network and ensure that the right one is picked. Processsmaart helps customers achieve this with the help of information technology.
The company offers two kinds of services. Software as a Service (SaaS) for those who prefer to do procurement functions in-house and Procurement as a Service (PaaS) where it undertakes the entire procurement function. In the case of the former, it builds a fully customized resource planning software that is capable of digitizing not only the procurement function but also requirements planning, production planning, inventory management, quality management, and so on.
“The customer is fully involved in the development process and we ensure that all the requirements for each function are met.
As our target audience is the MSME sector, we ensure that the software services are available at affordable prices”, mentions Sandeep Vijayan P, Director, Processsmaart. In the case of the latter, the company undertakes the entire procurement function of companies using its proprietary web-based platform giving rise to a unique combination of procurement expertise and information technology.
Unique Market Position
Processsmaart’s SaaS business model targets MSMEs. It positions itself as a provider of fully customized software solutions at affordable rates unlike legacy ERP systems available in the market. The company strives to empower the MSMEs to transform themselves by incorporating IT into their business processes and the customization it offers ensures that the transformation happens in the easiest possible manner. The PaaS model targets start-ups that look for procurement specialists to take care of the entire procurement function. The company’s in-house procurement specialists ensure that the customer requirements are clear and definite and source it from the right supplier, at the right price, and at the right time. This would help start-ups to focus on their core activity.
The resource planning software that the company offers is fully customized to suit client requirements. This is done after a detailed system study and the team collaborates with the customer in building the solution. This ensures that the system meets all the customer requirements. The software undergoes trial runs before it goes live ensuring that all the bugs are rectified. “Regarding procurement as a service, we familiarise ourselves with the customer requirements and in collaboration with the customer, we shortlist a list of suppliers. Our proprietary platform integrates all the stakeholders and has workflows incorporated to have approvals from the customer end before any transaction is finalized”, states the Director.
The Road Ahead
As India becomes the manufacturing powerhouse of the world, Processsmaart thinks that there is going to be an exponential rise in the number of players in the market, especially in the MSME segment. For them to be world-class organizations, they would need to incorporate resource planning software to manage their businesses. “We intend to tap on this opportunity by offering them class-leading solutions at affordable prices. With PaaS, we aim to support new-age start-ups in their endeavours to churn out cutting-edge technology products and services”, concludes the Director.
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