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ORECS Purchase-Inventory
Gain complete control over your inventories with ORECS’s robust Purchase-Inventory Module.
This module empowers you to streamline procurement, manage stock efficiently, and optimize inventory levels, ensuring cost savings and project material availability.
Key Features:
- Centralized Purchase Management:
- Manage the entire purchasing process from vendor selection to
order placement and receipt tracking.
- Manage the entire purchasing process from vendor selection to
- Accurate Inventory Control:
- Maintain precise stock levels for all materials through a QR code-based tagging system.
- Rigorously follow industry-standard inventory management practices.
- Minimum Stock Level Monitoring:
- Set and monitor minimum stock quantities (MSQ) to prevent stockouts and ensure timely material availability.
- Well-organized Inventory Categorization:
- Create a comprehensive classification system for efficient inventory management.
- Smart Price Management:
- Review and negotiate the best pricing options, considering discounts and packaging charges, to lower procurement costs by referencing previous purchase order details.
- Data-driven Decision Making:
- Access insightful reports like “Material Vs. Vendor” to make informed purchase decisions.
- Transaction Tracking:
- Utilize a unique ID system to track every material movement, including requisitions, consumption, and goods received notes
(GRNs). - Generate detailed item transaction reports for comprehensive material usage analysis.
- Utilize a unique ID system to track every material movement, including requisitions, consumption, and goods received notes
- Assembly Management:
- Manage assemblies with assigned serial numbers and track their
consumption within the system.
- Manage assemblies with assigned serial numbers and track their
Benefits:
- Reduced Procurement Costs: Negotiate the most favorable pricing through vendor comparisons and smart price management features.
- Improved Inventory Visibility: Gain real-time insights into stock levels and prevent stockouts.
- Enhanced Project Efficiency: Ensure timely material availability for uninterrupted project workflows.
- Data-driven Insights: Make informed decisions regarding material procurement and inventory management based on accurate data and reports.
- Reduced Waste: Minimize material wastage through efficient tracking and consumption monitoring.
Experience seamless solutions at your fingertips.