PURCHASE MANAGEMENT
Request for Quotation (RFQ)
The process by which an organization requests price quotes from potential suppliers for a particular product or service, including specifications, quantities, and other terms. Suppliers provide price quotes and related details. The organization then evaluates and selects suppliers based on criteria such as price, quality, and delivery time, often followed by negotiations before contract finalization. RFQ ensures competitive pricing and transparency in procurement
Purchase Approval
Purchase approval is a process in purchasing management where purchase requests are evaluated and approved by an authorized party before the transaction takes place. This process involves checking against budget, business needs, and compliance with company policies. The goal is to ensure that any purchases made support organizational goals, control costs, and prevent unauthorized spending. This approval usually requires the signature or approval of an authorized manager or executive.
Vendor Bills
Record and process vendor invoices efficiently. This module can automatically validate invoices based on related purchase orders
Payment Register
Easily track and manage vendor payments. This module allows you to schedule payments and view past payment history
Purchase workflow approval
Customizable purchase approval workflows allow you to set spending rules and restrictions, and ensure only approved purchases are processed.
Automatic Order
automate purchase order creation Based on approved stock requests or purchase requests, the system can automatically create purchase orders to selected vendors.
