Production requires a steady inflow of materials and timely fulfilment of customer orders within the planned cost limits. This, in turn, calls for smart purchasing.
- Determining production and warehouse demands.
- Planning purchase activities on the basis of sales plans, production plans, and customer orders.
- Recording the entire purchasing cycle, from demand to delivery of goods.
- Storing a delivery history, identifying the most reliable suppliers
- Maintaining contracts, template and unique purchase agreements.
- Recording supplier prices automatically upon inventory receipt.
- Managing statuses and conditions of purchase orders.
following purchase management methods with minimum stock levels are supported:
- «min – max» stock – minimum and maximum stock levels are set manually. When stock drops to minimum level (including safety stock), the user will be prompted to order the amount equal to maximum stock level.
- Stock replenishment based on historical data – the user is prompted to order a new product batch when, according to daily consumption history, the remaining stock will only be enough for the time of delivery of the product from supplier.
- Stock replenishment based on standard consumption – the user is prompted to order a new product batch when, according to standard consumption rates, the remaining stock will only be enough for the time of delivery of the product from supplier.