Prokuria can cover the following activities in the procurement cycle:

  1. Requisition - identifying the need, the stakeholders, timeline and approving the budget
  2. Strategic Sourcing - identifying and selecting the best supplier 
  3. Contract Management - Lifecycle management of the contract
  4. Supplier onboarding -  gather supplier information; assure compliance and approval
  5. Supplier Management -  centralized supplier communication,  performance & compliance analysis reviews , proper segmentation

Below is a diagram on how exactly all this information are correlated in Prokuria:

Understanding projects

Projects allow you to organize all of the sourcing events related to a specific initiative, goal, or big piece of work under a single umbrella where you can control roles and permissions for different users but also custom properties used, budget tracking, or reports.