Overview

The Request Ageing report is a great tool for gaining insights into the trend of procurement timelines within your organization. It not only sheds light on the efficiency of procurement activities but also offers a comprehensive visibility of procurement requests moving from one stage to another before completion.

Furthermore, it sheds light on opportunities for enhancing your procurement process by providing you with visibility on the time taken to complete a specific stage. You can access the duration for obtaining approvals or negotiating a tool. Armed with this information, you can make informed decisions to streamline the process for greater efficiency. Additionally, by considering negotiation timelines, you can submit requests well in advance to ensure they are processed on time and prevent any potential delays. 

Steps to get the Request Ageing Report

To access and utilize the Request Ageing Report, follow these steps:

1. Open the Reports tab from the Navigation menu

2. Once you open the Reports page, you will land on the Procurement Analysis section within Buying Hub reports. Click on Request Aging to open and analyze the report.

3. After you select the "Request Ageing” report, you will be presented with the report screen. The report will consist of the following components:

Ageing Trend Line: This section displays a month-on-month average timeline of Requests in different stages, allowing you to track how requests age over time.

Table: The bottom table will list the details of all your Requests, their current status, requester details, etc., and a deep dive into timelines in the procurement journey. 

5. If you need a more detailed view of the report, you can expand it by clicking on the name of the report in either the pipeline or the table to expand and view it in full screen.

By following these steps, you can easily access and utilize the Request Ageing Report to gain insights into the trend of procurement timelines within your organization. This report will help you assess the efficiency of your procurement process, identify bottlenecks, and make informed decisions to optimize your procurement operations.