Procure Materials Smartly

Construction Procurement Software

All-in-one construction procurement software that includes supplier management, purchase order management, contract management, spend analysis, eProcurement, and more. Manage the entire procurement of materials and services while integrating tightly with other modules.

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Overview

AI-Based Construction Procurement Software

NYGGS Procurement Management Software enables a faster, smarter, and more cost-effective procurement process by automating critical functions. With features such as automated procurement planning based on project schedules, detailed material specifications, and a robust supplier portal, it streamlines operations from requisition to order release. Users can make informed decisions with real-time data on available inventory and supplier performance, enabling smarter internal allocations and sourcing strategies.
erp planning
erp planning
The software enables organizations to seamlessly manage their procurement lifecycle. Vendors benefit from a dedicated portal to access RFQs, submit quotes, and track payments, while users can easily enforce budget controls and compliance. This AI-based procurement management software improves inventory visibility and fosters strategic supplier relationships, ultimately driving cost efficiency and quality in the procurement process.

Features of Construction Procurement Software

This AI-based construction procurement software reduces manual procurement tasks, saves money on purchasing, and gives you complete control over your spending. Some of the key offerings are:

Procurement Plan & Scheduling

Develop a comprehensive procurement plan and schedule to ensure timely acquisition of materials and services throughout the project lifecycle.
Benefits:
  • Timely acquisitions
  • Improved planning
  • Enhanced efficiency

Raise & Track Indents

Facilitate the raising and tracking of indents for materials, ensuring accurate requests and timely fulfillment.
Benefits:
  • Accurate requests
  • Streamlined tracking
  • Reduced delays

Purchase Requisitions

Create and manage purchase requisitions efficiently, ensuring proper approval processes and alignment with project budgets.
Benefits:
  • Budget compliance
  • Efficient approvals
  • Enhanced control

Idle Stock Identification

Identify idle stock and facilitate its transfer against requests, optimizing inventory use and reducing waste.
Benefits:
  • Resource optimization
  • Waste reduction
  • Cost savings

Request for Quotes (RFQs)

Generate RFQs to solicit competitive bids from suppliers, ensuring cost-effective procurement of materials and services.
Benefits:
  • Competitive pricing
  • Supplier engagement
  • Better negotiation

Receive Quotes (Direct & Via Supplier Portal)

NYGGS construction procurement software makes it easy to receive quotes directly or through a supplier portal, streamlining the comparison process for informed decision making.
Benefits:
  • Streamlined comparisons
  • Enhanced transparency
  • Quick decisions

Enabling Cash Purchases

Facilitate cash purchases with predefined purchase limits to enhance flexibility while maintaining financial control over expenditures.
Benefits:
  • Flexible purchasing
  • Financial control
  • Quick transactions

Generate Comparative Statements

Create comparative statements to evaluate supplier quotes, enabling informed choices based on price, quality, and delivery terms.
Benefits:
  • Informed choices
  • Enhanced decision-making
  • Cost effectiveness

Issue and Manage Procurement Orders

Efficiently issue and manage procurement orders to ensure timely delivery of materials while tracking order status effectively.
Benefits:
  • Timely deliveries
  • Effective tracking
  • Improved accountability

Vendors Rating Dashboard

Rate each supplier based on supplier performance and material quality, and get a complete list of suppliers on one dashboard for better supplier relationships and selection.
Benefits:
  • Performance insights
  • Quality assurance
  • Informed sourcing

Material MRN and GRN Generation

Automate the generation of Material Receipt Notes (MRN) and Goods Receipt Notes (GRN) for accurate tracking of received materials.
Benefits:
  • Accurate tracking
  • Streamlined documentation
  • Reduced disputes

Purchase Returns to Vendors

Manage purchase returns efficiently, ensuring proper documentation and communication with vendors for seamless returns processing.
Benefits:
  • Simplified returns
  • Improved vendor relations
  • Enhanced efficiency

Project-Wise Stock Reconciliation

Perform stock reconciliation on a project-by-project basis to ensure that accurate inventory levels align with project requirements and budgets.
Benefits:
  • Accurate inventory
  • Financial clarity
  • Improved management

Procurement MIS Reporting

Generate detailed Management Information System (MIS) reports on procurement activities to analyze performance and inform strategic decisions.
Benefits:
  • Performance analysis
  • Strategic insights
  • Enhanced reporting

Integration with Other Modules

Seamlessly integrate this construction procurement software with NYGGS construction ERP software modules for a unified approach to project management and resource allocation.
Benefits:
  • Unified operations
  • Improved collaboration
  • Streamlined processes

Individual Advantage

Our AI based construction procurement software transforms procurement processes by delivering targeted advantages to key stakeholders. It helps simlify the entire procurement lifecycle, from planning to payment, delivering significant value to procurement teams, contractors/subcontractors, and project managers.
Procurement Teams
NYGGS equips procurement teams with automated plans based on project schedules, enabling smarter material management. The software enable procurement workflows through automated vendor screening, budget-based purchase requisitions, and real-time tracking of material specifications, quantities, and cost code validations, enhancing decision-making precision.
Contractors/Subcontractors
For contractors and subcontractors, the software streamlines the RFQ process and vendor selection through an easy-to-use portal. This construction procurement software ensures timely material delivery and minimizes project delays. With real-time cost tracking and analysis, they can effectively manage material costs, identify potential cost overruns, and optimize budgets. Easily manage GST and other regulatory requirements throughout procurement.
Project Managers
Project managers benefit from comprehensive oversight of procurement activities, including system-generated insights on material availability, internal stock transfers, resource mapping, and automated scheduling against project timelines. This visibility allows for proactive management of potential procurement-related risks.

Make your procurement faster, smarter!

Frequently Asked Questions

Procurement automation refers to the use of technology to streamline purchasing processes, significantly reducing manual tasks and minimizing errors. This results in enhanced efficiency and improved visibility throughout the procurement lifecycle.

NYGGS procurement management software features a robust project/item-wise budget control option. During project execution, it prevents any budget overruns by automatically generating alerts as the budget limit approaches.

The NYGGS procurement and inventory management system excels in managing goods requisition, facilitating comparisons, and creating purchase orders. It enhances daily purchasing operations, ensuring better ROI for general contractors and construction companies.

NYGGS provides real-time reporting and analytics on procurement activities, allowing effective tracking of utilized materials, vendor performance, best pricing, and vendor ratings.

NYGGS stands out as a leading choice for construction procurement automation software. Its comprehensive platform offers an extensive suite of features tailored for growing organizations, leveraging AI to automate repetitive tasks, identify sourcing opportunities, and deliver data-driven insights.

Interested in working with us?

LET’S TALK AND GET STARTED

mail to our sales department sales@nyggs.com
Our Whatsapp Number +91 73 0359 3999

& What's you will get:

  • Excellent Customer Support
  • Product Consulting by Experts
  • Integration with 3rd-party Apps
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