Purchase Order and Supply Chain Management

Automatically create purchase orders, verifying invoices and identifying duplicates and variances in invoices. Plan and consolidate procurement requirements, determine and confirm realistic delivery dates. The solution offers automated planning functions with interactive planning and can allows you to map supply planning process to actual and anticipated demands. Below is the quick scope.

•    Create requisitions or purchase requests based on demand forecasts for products or product groups.
•    Release demand forecast to supply planning where it forms the basis for current and future production and procurement until you receive sales orders.
•    Novosales consider different demand types – including sales orders, service orders, demand forecasts and dependant demand – and determine how these are combined to form current planned demand in form of demand requisitions.
•    You can process incoming purchase quotes automatically or enter information manually; with support for intelligent quote comparison you can compare quotes to identify the most suitable proposals.
•    Support for exceptions control enables you to monitor and react to exceptions that occur in your supply planning processes, such as stock shortages or violations of safety-stock values or minimum days of supply.
•    To make the process of supply control more efficient, you can merge several requisition requests into one purchase order, before their release, based on product and supplier criteria.
•    Single or multiple receipts for a purchase order.
•    You can also purchase services as well as materials that are not put in stock and later assign the related costs to a cost center or to a project.
•    Direct receipt without a purchase order. No mandatory check of price at time of receipt; Excise, VAT, sales tax computation in order; Partial receipt for order line no; Warehouse specification for each order line no.
•    Payment made on basis of supplier invoice and receipt matching after goods are received.
•    Automatically compares supplier invoices with their corresponding purchase orders, goods and services receipts and allows posting of invoices that match completely. If any inconsistencies are detected, such as a price variance or a duplicate invoice, exceptions are raised, which can be handled manually, depending on your preference.
•    Supplier Return document for excess or bad quality stock.
•    Multi currency processing – order in one currency and invoice in a different currency.
•    Additional costs/discounts in all process.
•    Payment batch having multiple suppliers / invoices.
•    Automated discount / penalty computation information during payment.