Purchase ERP Software Module
Purchasing management consists a group of application that controls purchasing of raw materials needed to build products and that controls the inventory. It also helps creating Purchase orders / contracts, supplier tracking , good receipt and payment , and requlatory compliance analysis and reporting.
Work Flow : Recognize, describe, define the Purchase Requirement
Item Wise Purchase Requirement
- Strategic Or Operational?
- Repetitive Or Non-Repetitive
- Automatic generation of PR when the reorder level or min max levels are reached.
- Delivery Schedules
Determine Sources, Investigate, and Select Vendor / Analyze Bids
- Request for Quotation from Vendors.
- Quotation Analysis.
- Vendor Analysis according to past history of Vendor.
- Issue Purchase Order with proper schedules of Payment and Delivery.
Follow-up the order
- Keeps track of pending Purchase Order.
Receive and inspect the material
- Create MRN/GRN on receipt of material.
- Acceptance / Rejection of material after different quality checks.
Clearance of the invoice and payment to supplier
- Matching of Purchase invoice with MRN and Purchase Order terms.