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Purchase Management
This includes task scheduling, resource allocation, timeline management, budgeting, risk assessment, and collaboration tools for comprehensive project management.
By biCanvas
Category
Module Of Infrastructure
Last Update
20/12/2022
Language
English
Terms
View Term & Condition
Description
About Module
The Purchase Management module in ERP software oversees procurement processes, from requisition to payment. It automates purchase requisitions, vendor selection, and purchase orders, ensuring cost efficiency and regulatory compliance. It facilitates supplier management, contract negotiation, and inventory control, optimizing procurement cycles for streamlined operations and financial transparency.
Key Features Of Module
Capacity Planning
Optimizes production capacity by forecasting resource requirements and scheduling operations to meet demand efficiently.
Master Production Scheduling (MPS)
Coordinates production timelines, balancing inventory levels and customer orders to ensure timely product delivery.
Production Reporting and Analytics
Provides insights into production performance, efficiency, and costs through customizable reports and analytics for continuous improvement.
Material Requirements Planning (MRP)
Manages raw material procurement and inventory levels based on production schedules to minimize shortages and excess stock.
Shop Floor Control
Monitors real-time production activities, schedules, and resources to maintain workflow efficiency and meet production targets.
Quality Management
Ensures product quality through inspections, testing, and compliance with quality standards throughout the production process.
Resources
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