Key Features of Procurement Managing Software with Centralized Order Management Option

• Comprehensive purchase order management - authorization and cancellation, tracking goods received against purchase order, goods returned, goods receivables, consignment receipts, etc
• Can manage both outright purchase and consignment purchase systems
• Margin optimization through the margin rule - one can fix target margins and ensure a product meets that even as input costs change. Can be done for both marks-up and mark-down type of pricing. Works reliably even in complex scenarios that may involve multiple supplier, multiple brands and multiple stores.
• Maintenance of multiple types of purchase forms for statutory and audit requirements e.g., C-Form, F-Forms
• Centralized order management even with multi-location procurement through a Template Purchase Order. The head office generates a purchase form that the stores cannot change, only execute
• Centralized order management even with multi-location procurement through a Template Purchase Order. The head office generates a purchase form that the stores cannot change, only execute.
• Can forecast sales based on season, festival, last year trends, etc. and based on that set minimum order quantity, maximum order quantity and lead time to delivery. Advanced planning keeps the vendor informed and maintains a balance between minimizing inventory cost and ensuring no loss of sales.
• Complete integration with the financial system with strong MIS reports - automatic invoicing, debit note generation, adjustment for state-wise taxes, purchase tax report, and loss of margins reports.