Decentralized Procurement / Purchasing

Decentralized procurement refers to a systematic ordering process in which documentation must be reviewed and approved by different groups of company stakeholders, depending on factors including where an order originated from and what the order is for. In contrast to a centralized procurement system, a decentralized process is often leveraged by larger organizations in which different specialities or physical operating locations exist, each with their own sets of purchasing authorities. Because documentation can be routed to different approving parties, and transaction authority and processing is considered “decentralized”. On Tradogram, multiple branch locations can be created to manage different physical office locations, each with their own subset of departments. Approval rules can also be configured to route documentation based on custom categories, pricing, and the point of origin for the document.