Wednesday, June 17, 2009

Compare ERP on Purchasing Management

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:

  1. Vendor and Supplier Profile
  2. Supplier Rating and Profile
  3. Requisitions and Quotations
  4. Purchase Orders
  5. Prices and Discounts
  6. Vendor Contracts and Agreements
  7. Purchase Order Management
  8. Procurement Reporting, On-line Reporting Capability
  9. Repetitive Vendor Procurement
  10. Procurement Receipts
  11. Repetitive Vendor Procurement
  12. Reporting

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