Gathering procurement data for analysis can be a difficult and time consuming task. As such, it can be hard for Chief Executives to really get to grips with the information necessary to drive strategy.
The PL-cms is an expenditure intelligence system that coordinates the elements of the procurement flow, from initial requirement to post delivery performance measurement. Unlike core transaction processing systems, where information is a byproduct, the PL-cms actively drives the flow of management information, pulling it together from wherever it is held. The PL-cms can therefore provide invaluable information on the entire procurement process, not just eventual spend.
The PL-cms enables outcomes (selected in the business case stage) to be presented to the contract manager at specified performance review dates. This means that all contracts, suppliers and even service departments can be compared against specific outcomes (a default list is initially presented).
Management are also able to see exactly what projects are in the pipeline and access various statistics on time taken for certain projects to move from stage to stage.
Not only does the PL-cms represent a significant reduction in time and effort required to track and administer contracts, it also provides management with a new and highly valuable insight into the procurement function.