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By: Anusha

Odoo Purchase management module Part 1

Odoo is a package of all management software, which is perfectly fit for all types of companies and businesses. Simply, Odoo is a combo of all possible features and Apps you will need to run your business effectively . 2 Million users are running their business with ODOO and around 5000 inbuilt modules are ready to use.

As you all know Purchase is a process of buying goods, service, raw materials and spare parts from suppliers for an organization. Generally, purchase management is one of the most crucial section in an organization. The purchase process in a company should be given the maximum attention when there is a problem in the purchasing department then problems will arise in the production section, Sales section and will ultimately reduce corporate earnings. Hence, we need a reliable purchase order management to help companies.

Overview of Odoo Purchase Management Module

1 .  Automate your purchasing workflow: Here we can Automatically send RFQ s- (Request For Quotations) to your suppliers based on your stocks levels.

This will Improve your purchase and inventory performance along with procurement rules depending on stock levels, logistic rules, sales orders, forecast manufacturing orders, etc. Select different refill scheme for each product depending on your manufacturing / delivering strategies.

2 . Supplier price lists & product availability: We can easily Make efficient purchase decisions using the best prices.

With this, we can Easily import suppliers' price lists and references to make quick and apt purchase decisions based on different vendor policies, quantities, and special contract conditions.We can easily track the availability of the product in your supplier’s inventory and you can also check your order status.

3 . Get the best offer with purchase tenders: We can easily Get the best price by bargaining / negotiating with different vendors.

We can Launch purchase tenders and easily integrate vendor's answers in the process which help us to compare proposals from different vendors; Choose the best offer and send purchase orders within seconds. We can also use reporting to analyze the proposal of your vendors afterward.

4 . Get statistics on your purchases: We can easily Analyze, forecast and efficiently plan your orders.

Get accurate statistics on your suppliers' performance through flexible reporting delivery delays, negotiated discounts on prices, quantities purchased, etc. Integrate purchases with analytic accounting to analyze your contracts' profitability.

5 . Manage several companies: By using Odoo’s multi-company rules we can Save time and effort.

We can use a single Odoo instance to synchronize operations between different companies. By using this we can Create sales orders, share customers, suppliers and products and invoice management for all companies at the same time. You can save even more time by automating the invoicing process between all the companies.

6 . Fully integrated with other Odoo Apps:

Inventory :

Synchronize your stocks levels based on your purchases and create automatic replacement rules to avoid the out of stock situation

Invoicing :

Convert your purchase orders in a supplier invoice to avoid double entry.

Accounting :

Get your accounting more accurate by integrating purchase orders and invoices.

7 . Control invoicing

Odoo ERP is a one-stop solution for your enterprise. Odoo ERP purchase module is integrated with inventory, invoice, accounting so you can make the process simple, and accurate. we have 7+ years of expertise in Odoo development, customization, and complete deployment. We have cultivated many potential partners and clients in Europe, Asia, Middle East, Africa and implemented hundreds of ODOO projects within a short span of time.




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