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Benefits Of LQMS

  • Streamlined Procurement Process: Automate the entire procurement cycle from request to payment, reducing manual errors and saving time.
  • Efficient Supplier Management: Maintain a centralized database of suppliers with detailed profiles, including past performance, pricing, and delivery reliability.
  • Automated Quote Requests: Send RFQs (Requests for Quotes) to multiple suppliers directly from the system, speeding up the supplier selection process.
  • Comparison of Supplier Quotes: Easily compare quotes from different suppliers to make informed purchasing decisions based on price, delivery time, and quality.
  • Seamless Quote-to-Purchase Order Conversion: Automatically convert approved supplier quotes into purchase orders, ensuring consistency and accuracy.
  • Integrated Invoicing: Match supplier invoices with purchase orders and goods received, streamlining the payment process and ensuring accurate accounting.
  • Budget Control: Monitor and manage procurement budgets in real-time, helping to avoid overspending and improve financial planning.
  • Compliance and audit trails: Ensure compliance with procurement policies and maintain detailed audit trails for all transactions, supporting transparency and accountability.
  • Supplier Performance Tracking: Track and evaluate supplier performance over time, enabling better negotiations and long-term relationships.
  • Inventory Integration: Automatically update stock levels and inventory records when goods are received, ensuring accurate inventory management.
  • Customizable Approval Workflows:  Set up approval workflows for procurement activities, ensuring that all purchases are authorized by the appropriate personnel.
  • Reduced Lead Times: Accelerate procurement cycles by automating routine tasks and reducing the time taken to process orders and payments.
  • Cost Savings: Optimize purchasing by selecting the best quotes and negotiating better terms with suppliers, leading to cost savings.
  • Real-Time Reporting: Generate real-time reports on procurement activities, spend analysis, and supplier performance, supporting strategic decision-making.
  • Improved vendor relationships: Enhance communication with suppliers through automated updates and efficient handling of purchase orders and payments.

United States of America

LQMS Software Solutions LLC
North East PA
Philadelphia
United States of America
  001 215 824 8921
  info@lqms.net

United Arab Emirates

LQMS Software Solutions LLC
M0-2 Lahej Al Basti Building
116569, AL Karama
Dubai , United Arab Emirates
  + 97 156 548 0200
  info@limsdubai.com

INDIA

LQMS Software Solutions LLP
B8, 3rd Floor, Blue Mount Tower
Near Infopark South Gate
Kakkand- Kochi . India 682030
  0091 9539 5617 90
  info@lqmsindia.com

INDIA

LQMS Software Solutions LLP
XXXIII/263,
Kottayam
Kerala, India 686631
  0091 9539 5617 90
  info@lqmsindia.com