Purchase Management
The Purchase function in a manufacturing business is crucial in that it helps determine the stock and thereby the time in processing orders both incoming and outgoing, keeping a ready count of the quantity of different items and deals with the suppliers in an endeavour to procure new stock. BizLogika Purchase Management offers you all that and more.
Built to cater to the immense potential of the Purchase Management process, the module caters to:
- Creation of pipeline with purchase calendar, lead time planning, purchase planning lead time, purchase lead time, production lead time, GRN lead time.
- Suppliers with templates to create supplier contact, supplier portal, supplier history, quotation comparison, RFQ history, MRN history, inward quotation history
- Purchase management allowing for bulk purchase, batch purchase, reorder workflow, safety stock threshold, JIT purchase, two stage GRN
- Collaboration with accounting through multi-currency purchase, price list history, invoice verification, backflush
core features
Purchase Order tracking
Track when purchase orders are received. Orders can be partially filled, completely filled, or consolidated from multiple purchase orders into a single receipt
Pricing History
Place orders using current cost, last price paid or contract pricing
Lead Time Planning
Manage your Available to Use Inventory by factoring in all the Lead times such as Purchase Order to Receipt, Purchase Planning, Production Planning to Availability, GRN receipt to Availability, QTP Lead time etc. Track system bottlenecks and process improvements by getting historic reports of each Lead time.
Purchase Calendar
Set up a Purchase Calendar for seasonal products so that the Purchasing cycle is triggered automatically. Plan annual purchases
Backflush / JIT Procurement
Products are bought in small quantities to reduce store inventory carrying costs and obtain delivery just in time for use
Bulk Purchase
Multiple GRNs (spread over different locations, delivery dates) can be associated with a single purchase order, enabling centralized purchasing for better discounts and payment terms
Supplier Stock Code Cross-referencing
Manage disparate inventory IDs among suppliers and your system. Supplier stock code cross-referencing with pricing
Purchase Order Tracking
Immediately access all purchase order information with multiple search capabilities
Supplier Report Card
Quickly display information about any supplier, including open and historical purchasing transactions
Supplier Portal
BizLogika Supplier portal helps you to enhance collaborations, visibility and communication with suppliers. Automate your source-to-settle process with the Supplier Portal. Reduce your procurement team’s workload by enabling suppliers to manage pricing and catalogues. Improve Supplier Collaboration, gain full visibility into transactions and documents, streamline communication
Quotation Comparison
Perhaps the most powerful feature of BizLogika, this allows you to compare line item wise quotations from different vendors based on Quantity, Schedules, Pricing, Tax benefits, Discounts, etc and thereby cutting down on a lot of manual processing
Landed Cost Tracking
Include shipping, receiving, insurance, and duties in the total cost of your purchase items
Two Stage GRN
Track shipments from the time the goods are received at the gate to the time they are received at the designated warehouse. Visibility for the time taken in transit and quality check etc, loading/unloading etc.
Goods Received Note
Receive individual lines or line releases to different locations for multi-site organizations with centralized buyers
Invoice Verification
Post an invoice for payment after verifying with associated purchase order, goods received, quality checks reports
Material Request Note
Post an invoice for payment after verifying with associated purchase order, goods received, quality checks reports
Supplier Stock Code Cross-referencing
Manage disparate inventory IDs among suppliers and your system. Supplier stock code cross-referencing with pricing.