ERP Purchasing System

It automates the processes of buying. Processes include identifying potential suppliers, negotiating the
price. Awarding purchase order to the supplier, and billing processes are also included.

Features of ERP purchasing system:

1. Detailed Supplier/Subcontractor.
2. Capturing materials requirement.
3. Quotations from various suppliers.
4. Recording Payment terms in PO.
5. PO authorization.
6. PO amendments with complete amendment history.
7. Order cancellation and order closing.
8. Multiple delivery schedules.
9. Quality inspection of goods.
10. Quotation validity.
11. Multiple indents for multiple items in a single PO.
12. Purchase order processing.
13. Purchase order entry with item details and other details like taxes, discounts. Extra charges.
14. Advance adjustments.
15. Purchase bill with updating of General Ledger and purchase book.
16. Service contracts, Service Bills, Service indents and PO.
17. Value-based approval of indents.
18. Bill of entry.

ERP Purchasing system aims at making available the required materials of:

 The right quality.

 In the right quantity.
 At the right time.
 At the right price.

All purchasing and subcontracting activities such as:

 Inviting quotations.
 Supplier evaluation.
 Placing purchase-order.
  Order scheduling.
 Billing.

are covered in this purchasing system.