SYSTEM AND METHOD FOR AGGREGATION OF PROCUREMENT REQUISITIONS INCLUDING TIERED PRICING MODULE

摘要

A system and method for aggregation of procurement requisitions including tiered pricing module is described in the present invention. The computer implemented system aggregates the approved procurement requisitions in real time from different business departments. They are then kept in a gestation period for channelizing the aggregated quantity of the aggregated requisitions into one common purchase order to avail bulk discounts or to avail tiered pricing discounts from the supplier. Once the aggregation of requisitions is done, accordingly based on the decision rules, the tiered pricing catalogue is triggered to select the right catalogue and the quantity/volume and its related price. If the aggregated requisitions do not match the tiered pricing catalogue then the system directs the user to negotiate discount with the supplier for the requisitions. The user thus avails maximum discounts on the aggregated requisitions.