The purchase department is responsible for purchasing materials in the right quantities of the right quality at the right time. ERP software Purchase module is a key module in the ERP system which facilitates correct procurement procedure and decision making. It helps businesses make better decisions by providing accurate inventory data.
Stores are very important for project based industries as these are the places where all the materials and required tools are stored. Material transfer, inward and outward flow of material takes place everyday and thus there is a requirement to track all this flow of material in order to avoid any material loss.
An internal document used by an employee to purchase goods or services on behalf of their firm
An official document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future
The authorization and delivery of shares of stock for sale to the public or the shares thus offered at a particular time.
Receipt of all materials against Purchase Orders or stores received against local purchases, gifts, aids etc.
The flow of actions required from various stakeholders to validate a PO and bring it into effect
The purchase planning process over a group of similar items in order to meet a determined purchasing target in terms of weight, cost or volume
A cash flow analysis is a method for checking up on your firm's financial health. It is the study of the movement of cash through your business.
If you decide to transfer your shares to someone else, you'll have to perform a stock transfer using a stock transfer form
Inward Outward Analysis report to track no. of items bought and sold in a month
Can compare the prices from all quotations received as a result of a competitive bidding process
Report on Actual price at which a stock is currently trading to target price what somebody thinks the stock is worth or could sell for in the future
The cost analysis for Inward-Outward expenses of company
Batch tracking allows products to be traced from the manufacturer, to the supplier, right through to the end customer
The performance of approved suppliers on an ongoing basis
The goods and materials that a business holds for the ultimate goal of resale
Scrap Report lists in sequence by item and presents all operations for jobs with reported scrap