The Benefits of Procurement Management System
Procurement is a form of activities carried out by the company to buy raw materials,
various business equipment,
production machinery or various building materials and
services that are currently needed by the company.
Full Traceability
Track the products coming into your warehouse and get notifications when your order is shipped and received.
Controlled Procurement Cost
Procurement cost is more efficient thanks to budgeting and cost center per department or project.
Easy Backorder Management
You can adjust item delivery and payment from vendors based on how many goods you have received.
On-time Payment
Automated notification allows you to track unpaid invoices to improve procurement efficiency.
Key Features of Procurement Management System
PO, RFQ & PR Management
Generate purchase requests and convert them into purchase orders instantly. Create and send quotations to multiple suppliers.
PR Approval Management
Approve or disapprove purchase requests from all departments, or employees with just one click. Minimize unauthorized purchases.
Online Portal for Suppliers
Vendors can share digital catalogs through the vendor portal, and you can do the tender process to have the best offer.
Vendor/Supplier Rating
Evaluate your vendors or suppliers. Analyze their performance based on their product quality, services, lead time, prices, etc.
Blanket Order Management
Place orders according to the prices and times that you have agreed upon with your suppliers. Schedule your recurring orders automatically!
Landed Cost Calculation
Find out the total cost of items that have arrived at your doorstep, including their taxes, shipping costs, insurance, and currency conversion.
Any Questions?
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That all are the question of which are often asked by our client when they really want to know about our work and want to know more details about us.
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Explore Other ERP Modules
Here , there are other ERP Modules which are also help you in your business.
Inventory
CRM
