Use supplier management software for effortless supplier search
Make the sourcing process 100% transparent and structured for all parties involved with the efficient supplier information management solution. When you start a new project and your current suppliers can’t provide the necessary items, use Precoro to find the best suppliers at the best prices.
Step 1
The procurement manager creates a request for proposal (RFP) using a user-friendly template or converts an existing purchase requisition into an RFP.
Step 2
The RFP is then sent to potential suppliers through the supplier management solution. Suppliers receive an invitation email with a link to submit their proposals.
Step 3
The RFP status is visible in our supplier information management software. The user can monitor whether suppliers have opened the email, submitted a response, or declined the RFP.
Step 4
The procurement manager can view all the submitted proposals in our supplier management software solution, compare the terms, and evaluate options.
Step 5
Using Precoro, the procurement manager can select the best bid or approve different suppliers for various items to secure the most cost-efficient purchases.
Step 6
After selecting the best deal, the procurement manager can generate a purchase order from the approved proposal and send it to the chosen supplier from the supplier management solution.
Automate supplier onboarding and approval with our supplier management solution
When partnering with a new supplier, use Precoro to ensure a fully compliant validation process. Adopting the best supplier management software paves the way for working with reliable partners who meet all your business requirements.
See data about newly onboarded suppliers instantly within your organization’s core systems.
Set up an approval workflow for new suppliers based on supplier categories.
Ensure compliance with your supplier approval policy.
Download our free Supplier Management guide
Learn more about establishing long-term supplier partnerships.
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How to differentiate between vendors and suppliers
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Fundamentals of supplier management
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Tips for identifying the most suitable suppliers
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Effective methods for gathering and verifying supplier data
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Comprehensive plan for supplier onboarding
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Proposed strategy for analyzing and evaluating supplier performance
Supplier relationship management software with superior integration capabilities
Precoro seamlessly integrates with business tools, your favorite accounting systems, ERP software, and punchout catalogs.
QuickBooks Online
Send orders, bills, and vendors from Precoro to QuickBooks Online automatically.
Xero
Sync POs, invoices, and supplier info from Precoro to Xero accounting software.
NetSuite
Sync subsidiaries, locations, POs, bills, vendor data, and more.
Amazon Business Punch-in
Convert your Amazon Business cart into a ready-made PO in Precoro.
Amazon Business PunchOut
Simplify purchasing across your company. Create PRs in Precoro, shop on Amazon Business, and have order details automatically imported into your Precoro PR.
Home Depot PunchOut
Shop on Home Depot and watch order details automatically imported into a Precoro PR for approval and record-keeping.
Staples Advantage PunchOut
Convert your order details from Staples Advantage into a Precoro requisition for seamless approvals and PO management.
Top-rated supplier management software
Precoro empowers over 1,000 companies to effectively manage suppliers, contacts, and the entire procurement process. Learn why clients consider our system one of the best supplier management solutions.
Supplier performance management solution that really makes the difference
Still unsure if Precoro is the best supplier management software for your company?
What is supplier management?
What are the four key elements of supplier management?
What are the benefits of supplier management?
What is a supplier management solution?
What supplier management features does Precoro have?
How do companies onboard new suppliers with the supplier management software solution?
How does the supplier management software solution help with risk management?
Is the supplier relationship management software customizable to fit business needs?
Does the supplier information management software integrate with other business tools?
How secure is the supplier management solution?
What kind of support and training is provided with the supplier information management software?
Can companies manage multiple entities and locations with Precoro?
How does the supplier information management solution handle multi-currency transactions?
We aim to provide not just a supplier management solution but also valuable information
Visit our blog for insights into supplier and contract management with best practices and strategies. Discover how implementing a supplier performance management solution can help your company save money, ensure compliance, and elevate your overall supplier management approach.
Precoro isn’t just a supplier management solution; we have much more to offer
Spend Management
Precoro is the best spend management software for ensuring 100% spend control and enabling savings of up to 7% of your yearly budget.
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Adopt procure-to-pay software and simplify your workday – because you can’t manage everything in spreadsheets forever.
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Optimize your accounts payable operations by automating manual processes with Precoro. Simplify document processing and focus on strategic tasks.
ExploreVendor Management
Build better relationships with vendors and get better deals. Check out how Precoro streamlines onboarding, evaluating, tracking, and collaborating with vendors.
ExplorePurchase Requisition Management
Precoro is a straightforward purchase requisition software with easy-to-use templates and customizable approval workflows.
ExploreMobile Procurement
Speed up procurement processes with the Precoro mobile app. Easily monitor spending, approve orders, and collaborate with your team on the go.
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