If your business is involved in dealing with thousands of purchases a day, then you know how e-procurement applications can be heaven-sent and help you manage the often maze-like paper trail of endless supplier lists, product specs, pricing, and deliveries involved. While there are many various e-procurement platforms in the market, Tradogram is a very popular one with strong features and affordable pricing schemes. But is it a perfect solution for your needs? What are Tradogram pros and cons? In this article, we sifted through the strengths and weaknesses of this popular procurement software help you find out if it’s the right choice for your company.
At a time when the supply chain is seeing an unprecedented level of change, digital procurement processes and systems that are based on them will have to keep pace with the abrupt transformations that go with those changes. Businesses will rely more on these solutions to meet the emerging challenges and keep up with the competition and new requirements imposed by the EU and other territories.
This development comes in the heels of outstanding forecasts where cognitive analytics will be used in a third of all manufacturing value chains, thus, increasing cost efficiency by 10 percent and service performance by 5 percent by 2020. All that digital sea of changes will see industries in need to update how they handle, delegate, control and manage procurement and security, along with the way they traditionally look at supply chain planning and execution. The impact of these transformations will be felt for years.
And as depicted in the illustration below, AI is smack right in the mix of things—from contact center, warehouse, to documents repository, even contract and spend analysis—as far as the future of e-procurement is concerned: in fact, IBM notes that the time is shortly coming when all important procurement decisions will come through the aid of artificial intelligence. While that does not mean employees getting on the bandwagon of data science, it does point to procurement workforce needing to tether best practices with the whole supply chain ecosystem.
A brief background before we proceed with discussing the Tradogram pros and cons. For more than eight years now and running, Tradogram’s cloud-based spend management solution has been providing a strategic approach to purchasing for many class of industries. The platform ensures you get the best-value goods and services at the lowest prices possible. You use Tradogram to provide maximal advantages to your purchasing process, sourcing events, and supply chain management in order to achieve an optimal bottom line and spend visibility.
With its novel approach to purchasing processes, Tradogram effectively redefines spend management. The innovative, powerful procurement software gives you access to a wide range of solutions to allow a successful spend control strategy in your company.
Featuring all the essential capabilities that you should look for in an e-procurement system, Tradogram makes it easy to manage your spending and purchasing requirements. Its design is fully inspired by how real-world businesses go about their procurement processes, executed in their digital form and fully automated for your convenience.
With a free basic offering and premium plan for just USD10, Tradogram is well positioned to be a partner rather than a burden to your business. You could use the free plan, which is good for one user and up to purchase orders per month, to determine whether the solution is a perfect match for your needs. There’s a responsive dashboard, an unlimited number of items, unlimited number of suppliers and an unlimited number of categories. It also comes with contract management, RFQ/RFP management, and delivery tracking system.
Provision for one user could be a bit limiting if you want to get some useful output from the software, and you are most likely to bump into functionality limitations. For example, PO and invoices could be treated separately, something that is avoided in the paid versions.
When you are ready to fully subscribe, the USD10 premium plan gives you all the basic functionalities along with an unlimited purchases orders and a minimum of two users.
If your needs are along the enterprise level, you could contact Tradogram for a quote. The package already comes with a minimum of 20 to an unlimited number of users.
Tradogram provides customer support via phone, including a toll-free number, live chat, email, along with training for your personnel who will be in charge of the software.
Tradogram provides distinct databases at the company, branch, and department levels. You can choose to use Tradogram as a buyer, supplier, or both for maximum flexibility.
Whether you have a centralized procurement team or your buyers work in different departments, the application enables you to build a purchasing process that will grow with your business. Customize how you want to build your company hierarchy using branches and departments. Multi-level management includes:
Administrators have the ability to set up an account and are able to access all features on the application. This enables them to oversee the progress of their user’s work, at all hierarchy levels of the company. Tasks can be delegated and activities can be monitored with ease.
Put your managers in charge and strengthen your procurement process. User permissions can be used in tandem with approvals to help establish everyone’s role so they stick with them. Set custom parameters to indicate that certain purchases require approval.
Permission controls can be established as required across numerous components of the application. Determining user permissions involves:
Whether you want to control spending by price, product type, branch, or department, you can set your limits. Tradogram’s straightforward interface enables you to develop strong requisition and PO workflows—so you can reduce the risk of overspending and strengthen your financial control. Enforceable approval routing lets you:
Approvals and user permission controls are important features for streamlining the actions of everyone connected to purchasing within your organization. Managers are able to effectively guide their teams to procurement success and prevent any unauthorized activity. While Tradogram stands for tighter control, you might not easily fall in love with lesser automatic functionality in this feature set.
Keep pace with your organization’s purchasing patterns to spot opportunities and deviations. Use Tradogram’s intuitive dashboard to see your latest activity, your account statistics, and tasks that need your immediate attention.
Access powerful real-time monitoring capabilities to stay updated. Monitor the lifecycle of requisitions, requests, purchase orders, contracts, and all transactions via real-time status updates that keep you
informed at every stage.
You always know what’s happening with Tradogram’s automatic updates. Fully detailed reports are made available on all forms listed above for easy audits. If you want to develop a comprehensive understanding of your procurement process, Tradogram’s real-time analytics are designed to keep you informed. You’re able to see precisely what’s happening throughout every transaction—giving you the insight to optimize opportunities and improve savings.
Quickly build your approved list of suppliers. Tradogram enables you to create and manage your own supplier database. You can search your approved vendors to find ideal trading partners and communicate with them easily & effectively. The ability to access current and comprehensive details about your suppliers is the first step to making smart purchasing decisions.
Tradogram also includes simple yet practical supplier evaluations after each transaction, which you can use to compare your suppliers. This allows you to focus on working with those who provide the best value.
Control spend, save time, and collaborate with your internal clientele. Tradogram’s requisitioning system makes it easy for procurement teams to receive, understand, and fulfill the needs of everyone in your company.
The smoother your requisitioning process, the faster it is for everyone involved—from the person submitting the requisition to buyers, approval managers, suppliers, and accounts payable. With Tradogram, requisitioning is efficient yet controlled, informed by your established approval processes and workflow procedures.
Tradogram’s requisitions feature lets you:
The Requests feature used for negotiations enables buyers, managers, and others in the procurement process to indicate precisely what they need, where, and when before deciding from whom.
Tradogram gives you and your vendors the ability to exchange information quickly, so you can source the goods and services you need without delay. Tradogram’s Request form can be used as both an RFQ (Request For Quote) or an RFP (Request For Proposal).
Tradogram’s Interactive Requests allow you to:
Once you start comparing offers, making counteroffers and identifying opportunities for savings, you’ll realize the benefits of using Requests for superior negotiations:
Using Requests, you can easily send your custom POs to your suppliers track them at every stage. A purchase order management system can help you track and recognize trends in your purchasing activity.
Specifically, these are what you get with Tradogram:
It’s hard to find fault in a solution that delivers excellently in the three fronts that truly matter: feature sets and practical usability, very reasonable, even budget-friendly pricing, and customer support that gets the nod of multiple users who had to actually deal with the vendor’s help desk.
However, if you’re a Tradogram user and there’s something about the software that you feel could be improved, we’d love to hear from you through our comments section.
Superior, comprehensive features, excellent price propositions, and stellar support make this unique software a compelling solution to your business procurement and spend management needs. And the free basic plan should give you all the time and testing you need to determine how much of a fit the system is to your business.
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