Kingdee Cloud V7.0 procurement cloud New Feature is here

The wave of digits is vast and mighty. Recently, Kingdee Cloud V7.0 was heavily published, with comprehensive upgrades to solutions covering multiple domains such as finance, tax, supply chain, and manufacturing. In the current context of accelerating the construction of a world-class procurement transaction management system, what new features does Kingdee Cloud Procurement Cloud bring with this upgrade? What changes will be brought about by creating a smart purchase system for the enterprise and comprehensively improving the collaboration level of the Supply Chain Management? This article invites you to share in the experience.

Capacity leap

Create a digital procurement platform that covers all product categories and scenarios.

Kingdee Cloud V7.0 Procurement Cloud has introduced 8 key features in this important upgrade, providing collaborative scenarios such as design drawings, demand forecasting, product outsourcing, and process outsourcing. At the same time, it has strengthened supplier lifecycle management and expert review features, further optimizing the procurement mall. This offers large enterprises more online collaboration for supply chain operations, comprehensively reducing communication costs in the supply chain, enhancing group procurement control capabilities, and creating a digital procurement platform that covers all categories and scenarios.

1.Drawing Collaboration: Supports enterprises in transmitting material drawing files when publishing orders or order changes, supports enterprises in the research and development design phase by using the drawing sharing feature to transmit material drawing files, achieving online multi-end interaction and collaboration on drawings, which can effectively reduce the possibility of human errors in complex design projects, ensure the accuracy and consistency of the drawings, while significantly lowering communication costs and accelerating the design progress.

2.Requirement Forecast: The balanced inventory achieves multi-level demand aggregation, providing enterprises with annual, quarterly, and monthly demand plans for direct and indirect materials, better managing and controlling costs, and realizing material demand plan management for different periods. It also supports the allocation of procurement tasks by category and user, defines execution paths, and enables demand tasks to find the right person, effectively improving procurement processing efficiency.

3.Purchase of trial materials: When certifying the supply category, if there is a need for sample testing and material sample procurement or transferring to ERP business processing, the system can set a temporary status to facilitate the certification supplier in initiating procurement or other ERP processes. It can also set the status and period for the supplier’s product trial certification, based on the supplier lifecycle management model, configuring the procurement business that can be conducted under the trial production status, thus managing the procurement business of suppliers at different lifecycle stages.

4.Qualification Evaluation Collaboration: During the sourcing process, qualification review is conducted, allowing both the supply and procurement parties to engage in multiple online negotiations based on various complex terms related to information, qualification review plans, and more. The qualification review plan supports the maintenance of indicator information, and evaluators can score suppliers item by item. This is applicable to different sourcing methods or processes, significantly improving the efficiency of maintenance, negotiation, and approval for users, while reducing negotiation risks for both parties.

5.Product/Operation Subcontract Collaboration: The outsourcing of products and processes covers the entire workflow from order creation to payment, including component recall/publishing, consumption reporting, and inventory inquiries. The data is seamlessly connected, which can help enterprises achieve cost reduction, improve efficiency, enhance quality control, and optimize resource allocation.

6.Marketplace Operations Monitoring: Pre-warning, in-process control, and post-optimization. The system regularly scans product-related data to generate monitoring logs. For the handling of abnormal data, it provides automatic removal from shelves and manual decision-making, intelligently identifying abnormal products for automatic removal, thereby reducing manual maintenance costs.

Advantage leads

Assist enterprises in the digital upgrade of their purchases.

Purchase management serves as a comprehensive entry point to enhance supply chain management levels and maintain the safety and stability of the industrial chain supply chain. It can effectively optimize transactions, control costs, mitigate risks, improve the quality of the enterprise’s own production as well as that of the upstream and downstream of the industrial chain, and build a resilient supply network that sustainably adds value. The State-owned Assets Supervision and Administration Commission of the State Council has also clearly pointed out the need to further improve the digital and intelligent management system, and to build a world-class procurement management system, providing strong support for the construction of globally competitive world-class enterprises. Promoting the digital and intelligent upgrade of <x1> has become the only way for enterprises to achieve efficient <x2> and comprehensive quality and efficiency improvement.

Kingdee Cloud Starry Sky Procurement Cloud is dedicated to helping enterprises build an efficient collaboration platform that covers all scenarios of digital procurement. Through convenient supply chain collaboration, it integrates internal and external resources of the enterprise, achieving process automation and sustainable procurement that is transparent and open, reducing the costs of Purchase Business from multiple dimensions and enhancing supply resilience. Through the collaboration of sourcing – orders – contracts – logistics – reconciliation – delivery at each stage, based on AI algorithm models, we provide an intelligent supply chain procurement platform for the entire industry, covering all categories and scenarios, offering various customizable sourcing methods.

1.Cost Reduction and Efficiency Gain: The average procurement cost is reduced by 3-10%, based on intelligent purchasing insights, category analysis, and price forecasting, effectively improving supply efficiency, optimizing procurement costs, reducing cash occupation, and enhancing the company’s cash flow and operational efficiency.

2.Public Sunshine: The average procurement compliance risk is reduced by 20%, achieving online collaboration across all business operations, including bidding, contracts, orders, reconciliation invoices, and claims, to ensure supplier compliance, bidding compliance, and contract compliance; through AI big data multi-node intelligent risk control and compliance review, effectively reducing risks and building a long-term stable and healthy mutually trusting procurement and supply transaction network;

3.Precise and agile: The average procurement efficiency per person has increased by 20-40%, through intelligent sourcing and the supplier 360 performance management system, establishing a stable network of suppliers and materials; based on the supplier collaboration platform and the procurement marketplace, accurately and efficiently finding the suppliers and material categories that best meet the needs, effectively promoting the overall operational efficiency of the enterprise and the rapid expansion of its business.

Benchmark Kitting

Co-constructing a new Path for the digital transformation of purchase.

With its industry-leading capabilities and features, Kingdee Cloud helps enterprises build a flexible, digital supply chain, becoming a starting point for the digital transformation of supply chains for many large companies and a new choice for intelligent upgrades.

1.Hisense: Efficient purchase and supply system under multiple business formats.

Hisense applies Kingdee Cloud Procurement Cloud to unify the multi-format sourcing operations of Hisense Group and its subsidiaries onto a procurement business platform, implementing procurement strategies and policies, and achieving centralized control of complex procurement organizations within a super-large group. This connects the enterprise ecosystem, strengthens supplier management, and improves supplier performance evaluation efficiency by 50%, creating an efficient, stable, and sustainably optimized value-added procurement supply network for Hisense.

2.Wangfujing Group: Digital procurement, winning in the new retail era.

Based on the Kingdee Cloud system, the Wangfujing Group supply chain platform integrates inquiry, quotation, purchase, order, contract, settlement, distribution, and intelligent statistical analysis into one, establishing a collaborative platform for enterprises and suppliers to achieve data interconnectivity and information sharing, thus realizing the informatization of the purchase process. The supplier collaboration platform allows for a clear view of the total number of current suppliers, the quantity of suppliers in different statuses, basic information about suppliers, detailed data on business transactions with suppliers, bidding data details, etc., achieving visualization of the supply network. The supplier collaboration system can be integrated with ERP, OA, and other systems, and can also support mobile applications such as mobile APPs and smart tablets, enabling multi-system and cross-platform integrated applications, reducing the informatization costs for enterprises, and maximizing the value of informatization collaboration.

3.Jinmailang: A digital procurement collaboration platform that covers all scenarios.

Based on Kingdee Cloud Procurement Cloud, Jinmailang has upgraded supplier lifecycle management, supplier performance management, efficient procurement sourcing, procurement fulfillment, and supplier collaboration, building an enterprise temporary procurement materials marketplace and a procurement cockpit. This has completed six evolutions: evolution of supplier lifecycle management, evolution of the supplier evaluation system, evolution of procurement sourcing management, evolution of procurement fulfillment collaboration, establishment of a temporary procurement materials marketplace, and construction of a procurement cockpit, helping the group’s procurement business improve quality and efficiency, achieve high-quality development, and become a leading practice and benchmark in the digitalization of procurement in the fast-moving consumer goods industry.

In collaboration with Kingdee, Jinmailang has built a “digital procurement collaboration platform covering all scenarios” based on Kingdee Cloud procurement cloud, which has been awarded the “2023 National Public Procurement Excellent Case” by the China Federation of Logistics and Purchasing. This fully demonstrates that the innovative exploration of procurement by Jinmailang and Kingdee Cloud is pioneering, inspiring, and worthy of reference.

For competitors in the digital purchase track, only by accelerating the integration of new technologies into their <Application> can they run faster and continuously <Hug> a broader market. In the future, Kingdee Cloud will continue to refine the procurement cloud’s product capabilities, assisting enterprises in the digital transformation and upgrade of their purchases, and building core competitiveness for the future.