...SOFIENT ERP : Purchase Planning and Management
 
Purchase function has seen a major change in recent past with concepts like global sourcing, on line purchases, open auctions etc. SOFIENT Purchase management module aims at equipping the purchase function with these tools for the smooth functioning of the organization. All purchasing and subcontracting activities starting from inviting quotations, supplier history, generation of purchase order, supplier evaluation exists in this module. Facility exists to handle import of in the system. SOFIENT Purchase Management is integrated with Inventory, Finance & Production Planning. SOFIENT Purchase is integrated with Inventory, Finance & Production Planning

Features & Highlights:

  • Detailed database on Supplier/Subcontractor/Service Provider
  • Materials requirement through Bill of material concept
  • Automatic generation of purchase requisitions based on Min-Max. level
  • Quotations from various suppliers and Quotation validity
  • Subcontracting - generation of process orders
  • Multiple indents for Multiple items in a single PO
  • Purchase order processing for Raw Materials, Sub-contracted items, Bought out items, Non-inventory items, Fixed Assets
  • Purchase order entry with item details and other details like taxes, discounts, extra charges like freight, P&F, octroi , payment terms etc.
  • Excise consideration in Purchase and Process Orders
  • PO authorization, PO amendments with complete amendment history
  • Order cancellation and order closing
  • Multiple delivery schedules
  • Quality inspection of goods
  • Advance adjustments
  • Purchase bill with updation of GL and purchase book
  • Service indents and PO, Service contracts , Service Bills against service contracts
  • Value based approval of indents
  • Purchase Bill for import and Excise consideration in imports
  • Provision for SCM integration through Internet - posting quotation on web by suppliers, Importing quotations into ERP after validations

Reports:

  • Supplier evaluation
  • Outstanding RFQs
  • PO tracking reports and Expected Deliveries
  • Materials accounting with subcontractor
  • Pending work status
  • Inspection reports
  • Indent , Purchase order Printing

Advantages:

  • Highly integrated to reduce data entry
  • Reports for Order tracking for complete control on the procurement cycle
  • Complete import functionality with handling of custom details
  • Service cycle with service contracts and service bills
  • MIS for vendor evaluation