Innovative Production Technology > Purchasing Management System
Purchasing Management System
The Purchasing Management System is a concept proposing reduced or optimized costs for purchasing equipment, maintenance parts and equipment or software with innovative technologies to improve efficiency and accuracy in production lines. This system might provide the solutions for the following issues:
- To establish how to estimate ROI (Return on Investment) in purchasing new technologies
- To achieve proper inventory for spare parts and consumables
- To Purchase at a reasonable price
