Procurement
Purchase Order
# Create Purchase Order Document,
# Create Purchase Plan,
# Get Purchase Against Plan,
# Get Pending Purchased Stock,
# Authorization from WH Manager,
# Vendor Accuracy.
MBQ
# Maintains Minimum & Maximum Level of Qty,
# Brand Wise MBQ,
# Product & Price Range wise MBQ,
# Brand with Size wise MBQ,
# Declare Multiple Custom Combinations,
# Excell Import & Export,
# Alerts in Reporting.
Sell Through
# Fast moving Analysis in Sales,
# Store wise Sell through identifies key areas to concentrate,
# Vendor Wise sell through identifies performance of vendor,
# Plays key role in procurement,
# Finds the Customer selection verticals,
# Enhances sales performance by focusing on key market segments.
Vendor Aging
# Calculates the vendor performance,
# Classifies the inventory based on various age factors,
# Plays key role to minimize the dead stock,
# Can generate with various combinations,
# The conditions of aging may vary based on your specific criteria,
# Payments may be redirected to focus on vendors that prioritize performance,
# Helpful to start promotions.
Support
Frequently Asked Questions
Procurement refers to the process of acquiring goods from an external source, often via a purchasing process. It involves selecting vendors, establishing payment terms, negotiating discounts, and managing supplier relationships.
Procurement involves the entire process of acquiring goods, including planning, sourcing, negotiation, and contract management.
Purchasing is a subset of procurement, focusing on the transactional process of buying goods, such as placing orders and making payments.
Identifying needs: Recognizing the requirement for goods (MBQ or Indent).
Vendor Performance: Assessing the performance of suppliers to identify those capable of delivering the required goods with the highest quality.
Evaluation and selection: Assessing the offers based on price, quality, and reliability.
Purchase order (PO): Officially placing an order with the supplier.
A purchase order is a formal document issued by a buyer to a supplier, specifying the details of goods required, including price, quantity, delivery terms, and payment terms. It serves as a contract between the buyer and supplier.
Procurement Manager: Oversees the entire procurement process and team.
Purchasing Agents: Handle sourcing, negotiating, and purchasing decisions.
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