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The purchase module helps decide
how much of items need to be purchased and from whom. It also keeps a
tab on monthly/quarterly/annual purchase expenses.
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The procurement function is critical to ensure necessary materials;
supplies and services are available when required. Negotiating Supplier
pricing and analyzing Supplier performance can make procurement a profit
center in your organization |
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By implementing EnterpriseBiz™
Purchase Order Management module (POM), you get an efficient, time
saving tool for your procurement functions.
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EnterpriseBiz™ POM enables you to analyze the accuracy and timely
delivery of all your purchased materials. |
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POM’s capabilities make it a
must for both manufacturing and distribution environments. It predicts
cash requirements, monitors deliveries and outstandings and helps keep
inventory level low while alerting you of shortages. When you link
EnterpriseBiz™ POM with financials, it helps automatic insertion of
Account Payable entries as soon as Purchase Bills are posted. |
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CONTRACT RATES |
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It is possible that you may
have fixed rates for buying certain material from certain Suppliers, The
Rate List facility in EnterpriseBiz™ will let you feed in the
supplier-wise, item-wise rates for your Purchase Orders. This ensures
that when anyone uses the supplier and item combination in the Purchase
Order, the designated rates appear by default. You can also review and
modify the rates with effect from a given date.
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EASE IN ENTERING RECEIPTS |
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As with the other modules of
EnterpriseBiz™, there exists a facility to link a document to its
logical parent document. This facility allows one to pull data from
Purchase Order into Material Receipts. This reduces the data entry
required to key-in a receipt voucher and at the same time allows
monitoring and reduces errors as the receipts are rated at the agreed PO
prices.
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INSPECTING FOR QUALITY |
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When material arrives at
your dock, not all of it may be in acceptable condition. This may not be
immediately apparent and the possibility exists that you won’t know it
until you perform an inspection of the newly received goods.
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EnterpriseBiz™ POM provides a process to
handle these situations. The receiving inspection facility allows you to
enter the receipts as you would normally enter. The goods are then
quarantined until they pass through the inspection and disposition
process.
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PENDING PURCHASE ORDERS |
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The software enables mapping the Material
Receipts to Purchase Orders and therefore, it can facilitate pending
purchase orders. EnterpriseBiz™ generates Supplier-wise, Item-wise,
Purchase Order-wise outstanding quantities and values.
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PROFIT / COST CENTER WISE PURCHASES |
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If your setup requires so, POM module can
capture Profit / Cost center details at the time of entering Purchase
Order / Supplier’s Bills. You can either enter the details separately
for each profit / cost center or give breakup of apportioned quantities
to facilitate profit / cost center-wise purchase analysis.
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SUPPLIER PERFORMANCE * |
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EnterpriseBiz™ POM analyzes Purchase Orders,
Cancelled POs, Material Receipts and Supplier’s Invoices for variances
in quantity and costs, average number of lines of items that arrived
late, average number of days it requires to receive shipment from the
vendor and rejection percentages.
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SOP TO PURCHASE |
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Pending Sales Order delivery status can be
used to determine what material needs to be purchased. For finished
goods, the Purchase Order can directly be linked to pending Sales Order
deliveries to minimize the manual processing.
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LINK TO FINANCIALS |
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EnterpriseBiz™ POM has a link to financials.
Using this link, all financial transactions such as Supplier’s Invoices
can be directly posted to financials as soon as they are posted in POM.
This reduces data entry efforts and ensures that correct figures go to
correct account heads.
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For more information on how to put the power
of EnterpriseBiz™ modules to work in your operations, call Edifice
today. |
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