Purchase Management System

Purchase Management system for assets and consumables is designed for businesses having multiple locations. Central head office manages the entire procurement for all branches. Branches send the request to central office. All the requests are collated and goods are purchased through purchase order, subsequnt invoices and payments are taken care of. Data can be easily managed through cloud based web application and has excel upload/download utilities for ease of operations. Movement of goods across branches gets tracked in teh application.

In case of assets, they are barcoded for easy retrieval during audits. Entire Asset management workflow is maintained from purchase request to asset disposal. Asset depreciations gets calculated through various methods.

System works on maker-checker concept and is most suitable for Cooperative banks, insurance companies etc.

Purchase Management Application features:

Purchase Requests

Individual branches can make purchase requests of assets, consumables or stationary items

Purchase Orders

Head office issues a purchase order after vendor evaluation and quote comparisons

Goods Dispatch

Goods get dispatched by vendors to branch offices or central godown as per requests

Goods Receipt

Goods are recived in different locations where quntity gets verified and informed to head office.

Invoices

Invoices received gets ptracked through payment process

Goods Consumption

Branches maintains inventory of goods throgh consumption report

Material Movement

Goods moved from one branch to other branches gets tracked to have live inventory status.

Asset Depreciation

System calculates asset depreciation based on the formulae defined per asset type.

Bulk Uploads

System permits bulk upload of asset data in a prescribed format making it easy for data management

Security

System works on maker-checker concept where every entry is verified by the checker to ensure accuracy.

AMC/Warranty

System mantain AMC/ Warranty data for assets giving timely alerts for renewal actions

Reports

System generates various reports like Current stock, Goods received, PO, Branch to branch transfer, Payments

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