Odoo 13 ERP software is an all-inclusive management software which is ideally suited with all forms of organizations and industries. Simply put, Odoo is a compilation of all functionality and apps we really need to effectively run our business. There are around two million customers who are running their business with the help of Odoo and there are around five thousand inbuilt modules that are available in performing the daily activities of a business. Purchase Management Software's basic idea is to eliminate and simplify as many procedures as possible while keeping costs down and mistakes related to workers. It simplifies Purchase Order management from one insightful interface across the web platforms. It is recommended that Odoo purchase management can also be used for small scale business.
In fact, one of the most important aspects of a company is the purchase operations for Odoo. The full focus should also be paid to the acquisition process in a business. because when there is an issue in the purchasing department, then problems will occur in the manufacturing division, Marketing sector, which eventually will affect corporate earnings. That's why we need efficient handling of purchase orders to help businesses.
The Purchase Management Module facilitates procural offers, releases RFQs, monitors purchase orders, handles vendors, collects data, receives product and reviews suppliers. With integrated Purchase Management software one will be enabled to do all that. As you already know, purchasing is a method by which one buys goods, equipment, raw materials and spare parts from a vendor or supplier.
Let’s have an overview of the Purchase management module.
The flow of Purchase can be automated
Here we are able to send automated RFQs to the vendors or suppliers according to the stock level of the company. Doing so will boost the efficiency in purchasing and stock along with acquisition rules based on inventory levels, logistics regulations, sales orders, production prediction and so on. Based on your production/delivery strategy, pick a particular replenish scheme for each commodity.
Vendor price list and availability of the product
One can make buying decisions effectively using the best prices. With all of this, one can simply import price lists and references from vendors to make easy and appropriate buying decisions based on different retailer rules, amounts and specific contract terms. one can easily check product availability in the warehouse of your manufacturer and one can track the progress of your order too.
Get the latest buy tender offer
One can easily have the best possible price through negotiation or bargaining to different suppliers. One can initiate procurement tenders and properly integrate vendor responses in the process that enable us to evaluate offers from various vendors, pick the best bid and submit purchase orders in moments. Thereafter one can also use reports to evaluate the supplier’s proposals.
Get buying statistics
One can accurately monitor and predict the orders and schedule them effectively.
Have reliable data on the efficiency of your vendors by adjustable delays in recording production, agreed price cuts, buy volumes, etc. To assess the productivity of your contracts, integrate transactions with analytical accounting.
One can save effort and time while using the multiple-company rules of Odoo.
To synchronize operations between various companies, one can use a single Odoo instance. Using this, one can at the same time generate sales orders, share customers, vendors and goods and handle invoices for all businesses. Through automating the invoicing process across all enterprises one can save even more time.
Integrated with other apps.
Inventory: Sync the inventory levels on the basis of the sales and generate automated replenishment rules to avoid out of stock.
Invoicing: Turn the purchase orders into a vendor bill to get rid of double entry.
Accounts: Obtain greater accuracy in the accounts by combining purchase orders and invoices.
For your company, Odoo ERP can be a one-stop solution. The Odoo ERP purchasing software is combined with inventory, invoice, accounting so that you can make the system quick and precise
So this is an overview of the ‘Purchase management module of Odoo 13’