Purchase Order

Purchase Order

Manage the cost, quality, and delivery time of procurement

HoneycombERP® Purchase Orders helps you manage suppliers, control inventory levels, reap the benefits of Just-in-Time and consigned inventory, and analyze the financial impact of your procurement decisions.

Module Features

Manual or Auto Generated Requisitions

Difference between manual and auto generated requisition is that in manual requisition user creates the requisition by entering the items and respective quantities to purchase however in auto generated requisition system works on the philosophy of JIT (Just In Time) by generating auto requisition once the stock level goes to danger level new requisition is generated.

HoneycombERP® implements the concept of JIT in its true spirit and provides cohesive features with reports.

Combine Multiple Requisitions on Single PO

Single Purchase Order against multiple requisition is a real world scenario as there are possibilities that requisitions received from different departments have similar items so inspite of generating separate PO for each requisition it is more feasible to generate a single PO against multiple requisitions which saves time and at the same time reduces unnecessary documentation and paper work.

HoneycombERP® is designed to cope all such scenarios and situations and to provide optimal solutions to its client’s requirements.

Direct Purchase Order

HoneycombERP® gives you option to make direct purchase order without the need of creating and approving a material requisition.

Manage Order Currency and Exchange Rate

Managing orders and placing orders in different currencies and handling exchange rate in import/export is an integral part of HoneycombERP® .You can save and update exchange rates of currencies, perform calculations and view currency exchange rate history.

Work Order and Sales Order Reference

A work order or job order (sometimes job ticket or work ticket, as it often has some type of ticket attached) is an order received by an organization from a customer or client, or an order created internally within the organization. A work order may be for products or services. Orders received from outside an organization are often dispatched (reviewed and scheduled) before being executed.

HoneycombERP® provides optimal solution to manage work orders and sales order references.

Blanket Purchase Orders

A blanket order is a purchase order the customer makes with its supplier which contains multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods. Blanket orders are often used when a customer buys large quantities and has obtained special discounts. Based on the blanket order sales orders (release orders) and invoice items can be created as needed until the contract is fulfilled

HoneycombERP® provides the following:

• Supplier period or long-term contracts
• Authorized amount limit
• Multiple line items with quantity limits
• Start date, expiration date, and contract re-negotiation date
• Release tracking

PO Approval Workbench

Purchase Orders provides access to all relevant data from a single point so buyers can analyze supplier quotes and performance easily. After analyzing the above concern person approves the PO.

HoneycombERP® provides in hierarchy to concern persons with approval, rejection and partial approval option.

PO Searching by Item, Supplier and Order

Searching capabilities on different criteria’s is one of the incredible features of ERP systems as on any point of time you can search information as per your desire and requirement. Without any manual work.

HoneycombERP® SCM suit is embedded with tremendous search capabilities on different key attributes.

Advance and Partial Payment on PO

In the case of prepayments, the supplier, by accepting the Purchase Order, signifies this as acceptance of the contract and agrees to perform in accordance with the terms and conditions of the order. HoneycombERP® makes management of payments, both advance and in installments more convenient by through record keeping and carrying decided payments mode thoroughly through the complete PO cycle.