Simplify and Enhance Procurement with Effective Purchase Management Solutions

 

Almost every manufacturing, distribution, retail, and wholesale industry needs a solution that can streamline the entire business workflow. Although there is plenty of business management software for the manufacturing and distribution industry. It is really difficult to find the perfect one for all sizes. One of the most popular ERP technologies is open-source, it has the capability of helping all sizes of organizations and all types of industries. It is rare to have a solution like this that can cover all the business needs and make the business management process efficient. Odoo is one of the best open-source solutions across the globe and it is the most used one. 

Furthermore, it is the ERP system for small businesses as it can fulfill all of their needs at a very reasonable price. Odoo is also popular for its world-class services whether it is development, customization, integration, migration, or Odoo technical support.

Small organizations or new companies can even use it for free, the free version of Odoo, which is a Community edition. It can be availed at free of cost, you only have to install the solution and configure it as per your business flow and you can start using it. Also, if you do not know how to install and configure it, you can seek help from the Odoo partners. Odoo has given so many facilities to their users so that they do not have to wait for so long to start. Odoo is fully capable of covering all your business needs including procurement, stock management, accounting, sales & distribution, customer relationship management, logistics, shipment, human resource management, and so on. Besides, all of them are tightly integrated with each other for synchronizing data. It will save plenty of time and effort for every department and ultimately improve efficiency.

Why Should Small Businesses Use Odoo Purchase Order Software?

• The most prominent reason for using the Odoo purchase order system for small business is that it is an open-source platform. This means it is affordable for small businesses as well as startups. Besides the close integration with inventory and sales modules make the procurement process more automated and faster.
• Another reason is smooth warehouse operations, seamless purchase order management, vendor management, vendor performance evaluation, and more. 
• The most important fact about the Odoo purchase order system for small business is that you do not have to use the solution as it is. It means you can modify the solution as per your business flow. It means, doesn't matter what industry you are from, you can use this purchase management software easily.
• The centralized solution allows businesses to keep a tab on each and every activity of the purchase process. To put it another way, you can keep track of the vendor selection process, RFQs, vendor quotations, purchase orders, product availability in your stock, and product reception.
• Moreover, the automation of the procurement process by using the reordering rules and min-max stock rule makes this purchase order system for small business more powerful. This solution automatically raises RFQs and purchase orders in case of low inventory. So that you can deliver the items to your clients on time.
• Also, the businesses can get Odoo technical support in case they face any issues or find any bugs in the system. The team of skilled Odoo developers can resolve all the issues on time.

Key features of Odoo procurement solution 

Vendor Selection Made Simple

Usually, organizations face challenges while selecting the right vendors for their organization. But with the Odoo purchase solution, you can choose the right one in a more effective fashion. You just have to launch the purchase tenders and the system will integrate all vendor's responses in a single place. Now you will be able to compare the proposition and close the best offer. Also, you will be able to handle both kinds of agreements, short-term agreements, and long-term.

Blanket Order Agreement

This is the type of agreement intended for the long term and is different from the usual ones. This type of vendor agreement allows you to obtain them throughout the year or so. To put it another way, the vendor will deliver certain quantities whenever you need in a year or so at the agreed price. It doesn't matter if the price increases or decreases, you will be getting the products at the agreed pricing. In this way, you do not have to launch purchase tenders and RFQs, again and again.

Purchase Order Processing

You can easily create RFQs manually as well as they can be drafted automatically when you apply some rules. In other words, the system will raise the RFQs automatically when the stock level goes below the minimum level. As soon as you get the confirmation from your supplier, convert RFQs into the PO just in a single click. You can send the RFQs and purchase orders via email with just a click. Or you also can print it and send it by post to your vendor. Furthermore, the PO encompasses crucial details like expected delivery date, item details, vendor price list, etc.

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An Intelligent Purchase Management Solution