30 Sep 19: Procurement management software is a computer program that automates materials purchasing and maintaining inventory. It essentially does several jobs at once while maintaining accuracy in all. Just a few of its responsibilities include generating purchase orders, implementing the process of ordering, matching invoices to delivered materials, and making payment for the bills electronically. Procurement management software can help automate the entire requisition and procurement process, compare proposals, track vendor performance, reduce un-managed spend, …