Purchasing management encompasses a group of applications that controls purchasing of raw materials needed to build products and that manages inventory stocks.
It also involves creating purchase orders/contracts, supplier tracking, goods receipt and payment, and regulatory compliance analysis and reporting.
How to compare ERP software on purchasing management? Simple. Compare ERP software on the following purchasing management criteria:
- Vendor and Supplier Profile
- Supplier Rating and Profile
- Requisitions and Quotations
- Purchase Orders
- Prices and Discounts
- Vendor Contracts and Agreements
- Purchase Order Management
- Procurement Reporting, On-line Reporting Capability
- Repetitive Vendor Procurement
- Procurement Receipts
- Repetitive Vendor Procurement
- Reporting
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