Corus Infrastructure Services slash their purchase order processing and invoice tracking time by a third
is a multi-disciplinary design company with a long history in the rail industry and is now a market leader in both the industrial and rail sectors.
Background
Their predominately manual purchasing process was slow, time consuming and unproductive, wasting countless hours of busy people’s time on tedious and repetitive tasks. They also found they had limited control and visibility over the purchasing process and suppliers use. This meant that they were restricting their ability to monitor supplier performance and take advantage of any discounts.
Our remit to 360 was challenging and the project evolved significantly with their input. 360 had a professional and flexible approach throughout the project. The resulting purchasing system has made the business more efficient and given us better control of our spend as we required. We would use 360 without hesitation on future projects.
Head of Finance, Corus Infrastructure Services
Automated Purchasing & Invoice Tracking Solution
360 Purchase Order and Invoice Tracking system is a Lotus Notes solution which fully automates the process, giving everyone involved real-time access to the current status of every request to purchase (requisition) through to final purchase invoice approval. It also provides visibility into the history of what has happened to date and gives notifications with reasons for any bottlenecks occurring. The workflow that moves each transaction through the process is seamless and fully automated, with each step being dictated by preset rules reflecting Corus' Procurement Policy with electronic notifications sent to the next in line that action is required from.
Benefits
They estimated that at least a third of the time currently being spent on processing orders will be saved, especially through improved employee productivity and enhanced visibility of purchasing information. The solution has now delivered increased productivity, centralised financial and budget control and more importantly, the ability to make substantial and sustainable savings through better and smarter purchasing and supplier management.
With the implementation of ibuy, 360 have managed to streamline our procurement processes and minimised business risk by dramatically improving supplier visibility. It has brought greater resource efficiencies and optimised potential for savings.
Supply Chain Manager, Corus Infrastructure Services
About Corus Infrastructure Services
Corus Infrastructure Services is a division of Corus, which in turn is a subsidiary company to Tata Steel, which is now the world`s second most geographically diversified steel producer and a Fortune 500 Company. Corus has manufacturing operations in many countries with major plants located in the UK, The Netherlands, Germany, France and Belgium, employing around 40,000 people worldwide.