Intake management is the process of capturing, evaluating, processing, and prioritizing purchase requests for procurement from departments and stakeholders across the business. It's the initial stages of the "procure-to-pay" process, and procurement has to ensure that all purchasing requests are properly assessed and, if approved, aligned with the organization's goals and objectives.
Intake management is increasingly a digitized and often automated process where request forms, workflows, and approvals are streamlined by automation tools that reduces maverick spending, drives more efficiency and accuracy, and ensures compliance with purchasing policies.
When procurement optimizes their intake management processes, they can improve resource allocation for the business, enhance spend visibility, and improve their own ability to provide more strategic value on the business by focusing on high-stakes requests.
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