Purchase Management

Nowadays, organisations often find it difficult to increase their revenue. The alternate way to increase their revenue is by reducing cost. Reducing cost is equal to generating revenue. Purchase of goods and services may cost almost 40–60% of the company’s revenue. In a manual purchase process, it is often difficult for organisations to identify the gaps and opportunities to save costs.

Chirix PMS helps companies to buy goods at the best cost in a timely manner and improves visibility by rendering real-time information and vendors’ performance. Integrated from the purchase process through inventory receipts and vendor payments.

Features

Purchase Requisitions

Any department from an entity can submit a request to the purchase department.

Safety Stock Level

It triggers the purchase department when the stock level reaches the minimum quantity of available stocks.

Vendor Lead Time

Able to set up the vendor’s purchase due date.

Vendor Price List

Maintains the Vendor’s price history to identify the price variations.

Purchase Order

To ensure the PO with rate sealing, both inclusive & exclusive duties and tax.

Approval Work Flow

Filter and forward priority purchases to vendors. Allows authorised users to create and approve requisitions and POs.

Events (Email or SMS)

Creates quote requests and allows the user to quickly Email or SMS requests to vendors.

Benefits

Cut over the lacking on production by purchasing and actual needs.

Prevents stock-outs and promotes the purchase orders when a shortfall occurs.

Helps to monitor and handle the overdue PO with vendor performance.

Get the best value from the supplier by maintaining vendor price history.

You can enquire with the vendor for pending material inwards.

None of the purchase requests and purchase orders hide from your sight.

Yields

Operational Documents

Purchase Requisitions
Purchase Order

Tracking Reports

Vendor Item price List
Pending Purchase Orders
Purchase Receipts List
Purchase Ordered List
Vendors Performance List

Dashboard

Purchase Summary
Purchase Breakup
Payment summary
Purchase Vs Payments