Management of POs Features and Functions
PO = purchase order
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- Products classified within a purchase class default to a main vendor
- Verifies (and holds if necessary) receiving transactions on the basis of controls defined during purchasing
- Retain PO data for audit purposes (PO with electronic approval)
- Forecasts the product reorder date (determined by stock estimates)
- Purchase suggestion field contains products identified from available stock or reorder points
- Users may issue stock replenishment orders based on predefined terms
- Calculates ABC classification (items categorized based on usage per year)
- History of POs
- Maintains PO history information by item
- Analyzes purchase statistics based on user-defined criteria
- Determines, measures, and reports statistics for purchase budgets
- Reports shortages and schedule information to suppliers in real time
- Schedule for delivery of each line item
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Purchasing Management Features and Functions
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