Purchase Order

 Get rid of excess stock.

 Isn’t purchasing a significant function in your business? Do you need to know exactly what should be ordered, and who to order it from? Would you like to have a system that will figure it out for you? Don’t you want to remain tension free with this purchase process? 

The key to have a terrific purchasing is to provide great inventory management and get the most value for the money you invest in inventory. Over stock keeping has now been one of the nastiest headaches for the management people, who really are eager of doing a well-controlled business. You need to have the right stock, since you want to fulfill your customers’ requirements, when they order for anything. But if you are not careful enough, you can eat up all your profit in inventory carrying costs. Purchase Order helps you find the right balance for your inventory. 

Being a part of integrated modules, Purchase Order is linked with the Inventory management to help you achieving your inventory goals. It facilitates keeping track of all purchases from suppliers.  

With Purchase Order, you can:

 §          Have all the work of creating required POs done for you.

§          Use multiple depot address and projects for a supplier.

§          Have facilities to amend (and print) documents such as purchase orders and GRN.

§          Have automatic integration with inventory for stock upgrade and inquiry.

§          Get credit limit checked and maximum price checked based on supplier-product.

§          Get the opportunity of on-line entry of receiving and rejections.

§          Categorize of purchase information for comprehensive purchase analysis.

§          Set up a flexible pricing discount policy to suit the variety needs of your business.

§          Have comprehensive supplier analysis based on both quantity and price variance.

§          Allocate purchases by divisions for project costing.

§          Have provision for updating of requisition and receipt quantities.

§          Know which suppliers are giving the best performance.

Reports & Inquiries you will get: 

§          Supplier master information by supplier code or supplier type.

§          Product master information.

§          Transaction listing for all types of entry.

§          Purchase order status.

§          Overdue purchase orders.

§          List of all open orders for a given supplier and product.

§          List of pending orders.

§          List of orders, which are due to be received.

 Integration with other Modules:

 §          Links to General Ledger for transfer of summarized transactions.

§          Links to Inventory for stock inquiry and updating.

§          Links to Project accounting for assignment of transactions to various projects.

§          Matching GRNs to supplier invoices.

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LAST UPDATED: Tuesday, August 12, 2008