Purchase

Market

• Vendor : Inventory admin can view vendor added by purchase admin.
• Manufacturing Company : Add new company, edit existing details, delete a brand. This data is required during adding of product we need to specify the brand. For Camel – Pen or Renyold – Pen
• Vendor Feedback – Inventory admin, stock admin and purchase admin can give rating and feedback for vendor. These ratings can be considered while giving order to that vendor.

Base Product

• Base Products example stationary, electronic items, computers.
• Corresponding to each Base Product, ledgers or groups can be created.
• Base Products details can be viewed. Reports for stock of each product, for e.g stationary and how much amount worth stationary is available can be seen.
• Purchase details of each product within base-product can be viewed.
• When depreciation is applied,  the depreciated amount on each base product can be viewed.

Product Category and Products

• Within Base Products, Categories can be created for example Stationary is base product and categories can be pen, staple pins, A4-papers, Pencils, white-board pen-marker etc.
• Within Category – actual products can be registered for e.g. within Pen category products can be Reynold-pen, Camel Pen, Parker Pen etc.
• Within Base Products, Categories can be created for example Stationary is base product and categories can be pen, staple pins, A4-papers, Pencils, white-board pen-marker etc.
• Within Category – actual products can be registered for e.g. within Pen category products can be Reynold-pen, Camel Pen, Parker Pen etc.

1. Each Product has options to view products detail – base product wise. Facility for adding, deleting, editing etc. is provided.
2. For each Product Purchase Unit, Stocking Unit, Conversion Factor can be registered. Depreciation percentage for each product can be recorder and viewed.
3. Stock for the product, and purchase details can be viewed when performing transactions on the product.

Product Category and Products

•Asset and stock  and inventory issue request can be made by employees.

•Approval Authority configuration will decide who all will sanction which employees request.

•After approval, the requisition is forwarded to the stock/inventory admin. If stocks are available, issues are made to the employees. Or else all requisitions and needs are compiled and material indent is raised and forwarded to the purchase admin.

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•These indents for purchase received by Purchase admin can be handled in two ways

1.Request for Quotation process can be started and full fledged quotation analysis and raising of purchase order process can be initiated.

2.Pre-approved rate lists can be stored and orders can be directly placed for these items, once sanctioned in the rate list.

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•After the purchases are made the GRN (Goods receipt note) is indicated to stock/inventory admin for up-dation of stock quantities and barcoding purposes.

Post that the issues of stock/inventory is done to the employees who requested for the same.