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We kindly ask readers to pay special attention to this change while reviewing.Product OverviewProduct OverviewProcurement Management is based on the core enterprise's demand to build an internet-based procurement intelligence service platform, helping core enterprises achieve globalization procurement and network collaboration in the most effective way, reducing total product costs. It supports three major transaction scenarios: direct materials, indirect materials, and engineering services, providing one-stop procurement services. Procurement Management covers 采购品类与策略, 供应商管理, 寻源到合同 (任务中心, 询比价, 招投标, 竞拍采购, 采购合同, 废旧拍卖), 供应链协同 (采购协同, 委外协同, 质量协同, 结算协同), 采购商城, and 卖家服务场景化服务, integrating social transactions with the entire process of enterprise manufacturing, supply chain, and finance, connecting suppliers and ToB e-commerce, helping enterprises access global resources.Focusing on the entire procurement workflow of enterprises, leveraging artificial intelligence (AI), automation technology, and deep integration of large models, we aim to create a new generation of intelligent procurement solutions. The core offerings include Intelligent Bidding Assistant, Procurement Execution Assistant, Purchase Contract Assistant, Intelligent Supplier Evaluation, and Purchase Analysis Assistant, covering capabilities such as intelligent generation and review of bidding documents, intelligent review and comparison of purchase contracts, automated RFQ / ordering / reconciliation, intelligent supplier evaluation, procurement inquiries, and insights. Ultimately, this will help enterprises optimize procurement processes, enhance business efficiency, reduce procurement costs, achieve data-driven decision-making, and strengthen supply chain competitiveness.Product ArchitectureProcurement Management Product Architecture DiagramProduct GoalsThe main goal of the Procurement Cloud product is to provide core application services for purchasing enterprises: Supplier Management, Category Management, Price Inquiry, Bidding & Tendering, Bidding Purchase, Purchase Contract, Price Center, Scrap Auction, Purchase Collaboration, Outsourcing Collaboration, Quality Collaboration, Settlement Collaboration, Marketplace, Procurement Intelligence, and Purchase Analysis. It offers Seller Service to suppliers, achieving efficient collaboration with purchasing enterprises. The Procurement Cloud integrates with domains such as Supply Chain, Finance, and Manufacturing, providing enterprises with integrated applications. Through MDD, characteristics, and other configurability, it supports scalable delivery.The key features of this version are as follows:Basic Application Service:Category Management: It is a service of the Procurement Management cloud platform, providing purchasers and procurement managers with a procurement category tree and category grading management. It allows for differentiated management of sourcing policies and procurement execution strategies for categories, supporting the Category Performance Dashboard.Supplier Relationship Management: Supplier Relationship Management supports the management of the supplier's entire life cycle business based on the actual procurement business data of the enterprise, while associating it with the enterprise's procurement business. It constrains the supplier's participation in the enterprise's procurement business through supplier status. It mainly includes supplier registration and admission management, certification management, 360-degree evaluation management, daily management, etc.;Bidding & Tendering: As a professional bidding and tendering service, it supports procurement scenarios for self-bidding or internally commissioned bidding. This includes various procurement methods such as open bidding, invited bidding, competitive negotiation, competitive consultation, and single-source procurement. It supports specialized scenarios like audio-visual bidding and electronic letters of guarantee, meeting both statutory bidding and tendering requirements as well as supporting enterprises in defining their own procurement workflows.Procurement Sourcing: For the needs of the requesting department, the procurement department widely searches for suppliers or invites designated suppliers to participate in quotations through the RFQ process. After comparing multiple prices, it meets the demand for various materials at an appropriate cost. The RFQ process includes RFQ, View Bid Award, and Bid Award Changes.Bidding Purchase: Bidding Purchase is a method for purchasing enterprises to quickly achieve procurement goals through online real-time bidding. Provides: Bidding Template, Bidding Rules Configuration, Real-time Bidding in Auction Hall, Auction Winning Announcement;Contract Center: Part of the Procurement Management platform service. The Contract Center is an online collaborative work center for contracts based on the transaction network, used by enterprises to manage purchase contracts, covering the entire process of drafting, collaborating with suppliers, approval, signing, effectiveness, archiving, and changes.Price Center: Part of the Procurement Management platform service. In the enterprise, purchasers or procurement managers manage procurement prices, supply relationships, and procurement sources in the Price Center. Among them, procurement prices, in addition to fixed unit prices (lump sum, quantity ladder), also support dynamic pricing to determine the base price (including Formula Price, Dynamic Pricing), Quality-oriented Pricing, and various other pricing scenarios. The application process includes determining procurement prices and obtaining procurement prices. For pricing, it supports multiple sources such as Bid Award, Contract, and Price Adjustment Orders; for obtaining prices, it provides procurement execution prices for target documents such as Purchase Orders, Outsourcing Orders, Purchase Reconciliation Bills, and Price Settlement Bills. Supply relationships define the relationship between materials, material classifications, procurement categories, and suppliers. Procurement sources manage the supply source policies and quota agreements of contracted suppliers for direct procurement business, supporting rapid goods source ordering scenarios for Purchase Requisitions and Procurement Tasks.Scrap Auction: Suitable for the sale of scrap materials by enterprises, providing an online collaborative quotation platform for organizing auctions, quickly selecting scrap material recycling suppliers. It offers auction templates, configuration of auction rules, publication of auction schemes, registration approval, real-time bidding and monitoring in the auction hall, adjustment of bidding rules during the auction process, bid award, and announcements.Purchase Collaboration: Purchase Collaboration is aimed at purchasing enterprises, providing a unified online transaction collaboration platform with suppliers. Purchase Collaboration connects with the Demand Center, Sourcing Center, Contract Center, and Price Center, and can integrate with the internal ERP of purchasing enterprises, fully covering the procurement business processes such as purchase demand, issuance of purchase orders, arrival of goods, and warehousing. Purchase Collaboration supports standard purchasing, VMI purchasing, and other scenario applications.Outsourcing Collaboration: Outsourcing collaboration is aimed at purchasing enterprises, establishing an online collaboration platform between buyers and contracted processors to achieve outsourcing order confirmation, material return and exchange collaboration, finished product receipt and shipment collaboration, and finished product inventory reporting collaboration.Quality Collaboration: Quality Collaboration is aimed at purchasing enterprises, establishing an online collaboration platform related to quality between buyers and suppliers, achieving Inspection Result Collaboration, Remediation of Problems process collaboration, and online collaboration for the claim process. Quality Collaboration connects upward with Quality Management, fully integrating Inspection Results, Remediation of Problems, and Claim Deduction; it is associated downward with reconciliation and connects with invoicing and receipt processes in purchasing business activities.Settlement Collaboration: Undertakes Purchase Receipt, Subcontracting Receipt, VMI Consumption Summary, Purchase Order Payment Stage, Price Settlement Document, Service Confirmation Document, Marketplace Orders, Claim Deductions, and other actual business occurrences, completing online reconciliation collaboration and confirmation of the procurement cycle with suppliers. It also supports online notification to suppliers for Purchase Payment Applications and Payment Documents.Marketplace: The Marketplace is a dedicated internal purchasing platform for enterprises, based on enterprise e-commerce and agreement suppliers. Products can be listed in the marketplace through sales approval applications, contract lists, and e-commerce API interfaces. It supports various ordering modes such as demand list matching, self-ordering, and entrusted purchasing, covering the catalog purchasing needs for standard items like office supplies and MRO. Based on the Marketplace, operational marketplace services are expanded to support inter-organizational markup agreements and other operational methods for enterprise operational organizations. Additionally, based on the Marketplace, employee welfare marketplace services are expanded to support enterprises in providing holiday activity points benefits to employees and scenarios for employee care that employees can redeem through the welfare marketplace.Intelligent Procurement: Relying on an intelligent middle platform, deeply integrating large models, and combining data analysis, machine learning, and natural language processing technologies, we build intelligent applications such as Intelligent Bidding Assistant, Procurement Execution Assistant, Intelligent Procurement Contract Assistant, Intelligent Supplier Evaluation, and Procurement Analysis Assistant. These applications provide automated business processes such as intelligent generation and review of bidding documents, intelligent review and comparison of purchase contracts, automatic RFQ / ordering / reconciliation, and procurement insight support, helping enterprises optimize procurement workflows, enhance business efficiency, reduce costs, and achieve data-driven decision-making, thereby strengthening supply chain competitiveness.Expenditure Visibility & Analysis: Part of the Procurement Management platform service. Includes business supervision such as Purchase Demand processing and business data analysis for procurement expenditure.Purchase Analysis: Based on the data middle platform and indicator system capabilities, provide dashboards for supplier themes, sourcing themes, procurement fulfillment themes, and category thematic analysis, and support layered drilling down to view detailed data at each level.Seller Service: Seller service is...
