Automatic Creation of Purchase Orders
Automatically generate purchase orders based on stock levels and inventory replenishment algorithms. The orders will be placed with the vendor that best matches the specified price range and delivery time requirements.
Establish procedures and rules for issuing documents and approving orders based on their specific characteristics, such as type, amount, or supplier.
Tailor custom workflows for purchase transactions, change of purchase order status, receipt and put-away, purchase approvals and other processes.
Partial and Consolidated Financial Statements
Track receipts, both partially and completely filled or consolidated from multiple purchase orders into one single statement.
Simplified Item Tracking
Attribute and use disparate inventory IDs among suppliers and your internal system and automatically assign serial and lot numbers for incoming purchase orders.
Vendor Selection and Performance Analysis
Create vendor catalogs with product descriptions, delivery time, and up-to-date inventory information such as costs, quantities and lead times. Update and analyze the listed information every time you supply your stock, thus being able to determine vendors’ performance and make the best selection for your purchases.
Maintain a thorough audit trail of all purchasing transactions, related electronic documents including the identity of users who entered and approved transactions and modified the record.