What are "Procurement Workflows" in Infor M3?

Procurement workflows in Infor M3 refer to predefined paths that outline the steps required for procurement processes and approvals. This functionality is crucial because it ensures that all procurement activities follow a consistent and efficient process, which is essential for maintaining control and visibility over purchasing decisions. By utilizing structured workflows, organizations can facilitate communication and collaboration between different departments involved in procurement, such as finance, operations, and supply chain management.

Moreover, these workflows often include specific approval hierarchies, allowing for the necessary checks and balances within the procurement process. This systematic approach helps minimize errors, ensure compliance with company policies, and enhance overall operational efficiency. In summary, procurement workflows create a clear roadmap for managing purchasing activities, streamlining the process from requisition to approval, thereby supporting better decision-making and accountability within the organization.