Vendor
Management

Maintain a database of approved vendors, including contact information, product catalogs, and performance ratings. Streamline vendor selection, evaluation, and onboarding processes.

Requisition Management

Enable users to submit purchase requisitions for required goods or services. Define approval workflows for requisitions based on predefined rules and authorization levels.

Purchase Order Generation

Automatically generate purchase orders based on approved requisitions. Include relevant details such as item descriptions, quantities, unit prices, and delivery schedules.

Procurement Process Automation

Automate procurement processes such as request for quotation (RFQ), vendor selection, price comparison, and negotiation. Streamline the entire procurement lifecycle from requisition to payment.

Budget
Control

Integrate with budget management module to ensure that purchase requests and orders are within allocated budgets. Set up alerts and notifications for budget overruns or exceptions.

Inventory Management

Monitor inventory levels and stock availability to ensure timely procurement. Update inventory records automatically upon receipt of goods.

Supplier Collaboration

Enable communication and collaboration with suppliers through the ERP system. Share order status updates, delivery schedules, and other relevant information with suppliers.

Payment
Processing

Initiate payments to vendors based on approved invoices. Facilitate electronic payment methods such as bank transfers or online payments.