Just as customer management is essential for business, supplier management must be effective for the business to run smoothly. You can choose from multiple vendors for each product in your enterprise, and likely have multiple vendors for the same product. The best provider for your business depends on various operating factors, including price, product or service quality, and other important factors.
Enterprise operations require a management solution that can efficiently meet the challenges of managing multiple vendors. Effectiveness in managing the accounting component is very important, and this can only be achieved with the help of dedicated accounting applications. The management of single and multiple suppliers in business operations is supported by the Odoo Accounting module. Additionally, the Odoo platform includes a supplier management tab specifically designed to improve your efficiency with exclusive and powerful tools and menus.
The Vendor management page has options for handling vendor bills, refunds, vendor receipts, bill payments, batch payments on vendor bills, items based on vendor descriptions, and a separate vendor management menu. Let's go on to analysing each of these menus and choices under the Vendors tab of the Accounting module in the section that follows.