Management of POs Features and Functions
PO = purchase order
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- Consolidates enterprise-wide purchasing as a central unit
- 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
- Internal processing lead times provided based on products and warehouses
- Retain PO data for audit purposes (PO with electronic approval)
- Determines product availability by subtracting outgoing orders from incoming receipts
- Forecasts the product reorder date (determined by stock estimates)
- Purchase suggestion field contains products identified from available stock or reorder points
- Additional orders may be generated to designate special order characteristics
- Users may issue stock replenishment orders based on predefined terms
- Identification codes for purchasing agents sorted by warehouse or other method
- History of POs
- Interface provides buyers with important purchasing criteria factors
- Maintains PO history information by item
- Users may maintain purchasing files from any terminal, PC, or workstation
- Analyzes purchase statistics based on user-defined criteria
- In-depth reports on purchasing statistics defined by specific parameters
- Determines, measures, and reports statistics for purchase budgets
- Compares budgets
- Users may authorize supplier invoices on the basis of packaging slips or line level
- Reports shortages and schedule information to suppliers in real time
- Tracks consigned inventory, in real time, to include inventory segregation and payment control
- Online tracking of PO maintenance history
- Identifies hard copy reprints as "Duplicates"
- Accommodates tolerances of either percentages or dollar amounts
- Tracks freight by line item or lump sum
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Purchasing Management Features and Functions
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