Purchasing manages the complete order-to-pay cycle, from securing quotations with an optional approvals hierarchy and vendor contracts management, through multiple methods of purchase order generation, to receiving and issuing vouchers for incoming receipts. Analyze the performance of your vendors and adjust your procurement strategy as well as delivery, pricing, production losses, and more to ensure accurate re-ordering.
• Purchase orders and deliveries
• Goods receipts and returns
• AP invoice and credit notes
• Vendor Analysis
Time-phased calculations of what you must make or buy to support your customer demand are performed by Material Requirement Planning (MRP). Generated Purchase Order requests are transferred into one’s defined procurement approval and execution processes.