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The COINS Supply Chain and Procurement solutions provide the most sophisticated, construction industry focused, set of tools available to todays Procurement and Supply Chain managers. The underlying focus of the COINS Supply Chain and Procurement solutions is improving the efficiency, control and effectiveness of the Procurement function. Providing all the necessary functionality to enable a construction business to drive greater control over the procurement of subcontract packages, and goods, materials, plant and services. The COINS ten-point procurement improvement focus: - Reduce operational procurement risks and missed opportunities, by improving the overall professionalism of the procurement function.
- Increase the proportion of spend that is under the direct control of the procurement team.
- Provide a professional supplier vetting and approval process.
- Increase the proportion of spend that is under contract with either key or preferred suppliers.
- Significantly reduce the proportion of spend with unapproved suppliers.
- Rationalise the supply base to reduce administration costs and leverage total spend, and to promote closer trading partner relationships and closer process integration.
- Constrain maverick spend by reducing the variety of procurement channels and strengthening procurement and approval processes.
- Increase the efficiency and reduce the cost-base of the procurement process.
- Use eCommerce processes to automate the procurement of low-value and low-risk products and services.
- Use Procurement Cards [PCards] to reduce the acquisition costs for low-value and occasional purchases.
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