What is the function of Purchase Management Module in Reckoner?
Answer. Purchase Management Module handles the purchase of the material based upon the material requirement plan as well as production plan prepared for the period. The materials handling, however, is taken care by the inventory management system which in turn controls the actual consumption and, therefore actual requirements of the materials. Purchase system uses the actual materials requirements and consumption reported by MRP to optimize the purchase plan and perform the purchases accordingly. This module performs the tasks of evaluation of indents, preparation of purchase plans, registration of suppliers, raising of product esquires and tenders, evaluation of quotations, placements of orders, bill passing, post order processing, supplier ratings etc. This module also interfaces with Accounts Receivable and Payable modules for payments processing and analysis. Also it creates necessary vouchers for bill payments by interfacing with financial accounting module. This Module also inter
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- What is the function of Purchase Management Module in Reckoner?
