Purchase Management
Purchasing is the aspect of a company or a personal asset which deals with products,
services and commodities being brought from the vendors for a specific price. The
operation in case of a company operations are mostly repetitive and have a fixed
wholesale price whereas the vendors provide retails price to the customer in case
of personal shopping let it be for grocery, day to day use commodities or household
products.
The Odoo purchase management module will provide an act as the complete management
solution to deal with the purchase aspects of the company that would indulge in
operations such as vendor management, vendor bills, stock updation, quality checks
and the other all aspects of the purchase operations to be dealt with in the company.
The Odoo purchase management can bring in a steady and smooth operational methodology
the company dealing with the purchase quotations, orders, voucher operations, MRP
management, requisitions and many more aspects of the purchase operations of the
company. The main advantage of the Odoo purchase module is that the platform is
integrated with the other company operational module in Odoo which allows a combined
operational methodology which would indulge in all the aspects of the company operation
that are involved with the purchase aspects such as sales, inventory, repairs, production
and accounting.
The purchase module of Odoo operates in the step by step operational terminology
such as:
- initially allow the users to call for tenders for the supply of products and raw
material to the vendors available.
- Based on the tender biting the request for quotations(RFQ) are being sent out. Once
the request for quotation is agreed and validated the RFQ is transformed into a
purchase order.
- On the conformation of the purchase order the incoming shipments are validated
- Based on the shipment the vendor bills are generated and the payment is done. At
certain instances the vendors may require advance payment, which would be triggered
before the shipment is to be done by the vendor.