Purchase management is a step-by-step process for purchasing goods and services for your organization that includes budget approval, bidding process, selection of right vendors, confirming PO, receiving the shipment, receiving vendor bills, and paying the vendor. The purchasing process is complex and needs a powerful solution that helps companies manage it more effectively.
O2b Technologies is helping organizations to manage their procurement operations by providing robust purchase management software. We provide open source purchase order management software that helps them streamline the whole process from budget allocation, selecting the right vendor, RFQ creation, confirming PO to shipment reception, vendor bill management, and paying the vendors. Further, this application automates the procurement process that improves operational efficiency.
Purchase management is considered one of the most complicated business functions to manage. The procurement process includes multiple phases like:
Handling such crucial business functions is difficult when it is carried out manually. This is the reason, organizations should use smart and advanced purchase management software.
Our amazing purchase management software open source helps businesses manage, automate, track, and control the entire procurement process Right from selecting vendors, generating RFQs, sending POs to product reception, and vendor bill management.
Automation of the purchasing process helps to save time and makes the process more efficient. Let's have a look at the automation features of the O2b Technologies’ purchase software:
You can make better purchase decisions by comparing the vendor price lists.
This software has made product management simple and more efficient, you can add as many products to the system and manage all of them efficiently.
Effortlessly create RFQs manually or they can be raised automatically if you define the procurement rules.
Along with the purchase orders, you will be able to manage vendor bills and payments more effectively.
This open-source purchase order management software integrates with other modules to bring in more advanced features and functionalities. Integration with other applications also facilitates the automation of the procurement process.
Advanced procurement operations like drop-shipping, blanket orders, and make-to-order can be managed by using this smart purchase management software.
This procurement operation helps you deliver the goods to your customer location more efficiently. If you do not want to store the item in your warehouse, you can ask your vendor to deliver the item directly to your client's location. It will save time, costs, as well as your extra effort.
The buy route operation is carried out when you want to maintain the physical inventory of a product. This route is followed to maintain a certain stock of products so that the same can be delivered to the customer as soon as you receive the orders. Simply put, when you want to deliver the goods from your stock on demand rather than buying after getting orders.
It is a type of agreement, here you have the long-term contract with your vendors. They will provide you with the products for the long term at a fixed price. To put it another way, the suppliers will sell you the product at the pre-decided prices, it will not matter whether the price of the product will increase or decrease.
Our PO system supports MTO, this advanced procurement routing helps you manage special orders or huge orders. To put it another way, this operation can be performed when you receive a special order from your client and you will need to purchase those goods immediately to fulfill the customer's orders. In this case, you can choose the MTO route.
To ease out the complicated purchase operations, the clients need to opt for Purchase Management Software.
Our purchase management software helps you generate the overall information and documents like the list of the items, quantity, cost, delivery date, vendor details, etc. that earlier you were kept manually. The software makes the complete process automated.
Yes, every team is involved in the purchase operation having the access rights for the software will remain aligned always.
Yes, it is. After implementation, the complete purchase management will become automated which helps in saving valuable resources like time & money. Also, the purchasing team can involve themselves in some other tasks.
Yes, this software gives an alert for the bills and payments.
O2b Technologies’ purchase management software is developed by teams of certified experts carrying years of experience which reduces the chances of bugs and errors from the stage of development to delivery.
Yes, our purchase management system supports RMA (Return Material Authorization).
O2b Technologies is a company with a focused and well-defined mission. With us, you gain more than a software solution, you will get a team of industry experts committed to ensuring the success of your business.