Ximple Purchasing Management Software also known as Procurement Software, handles the purchase of raw or finished goods materials. The application takes the recording of a requisition, approval of the same, converting the requisition to a purchase order (PO) and sending the approved PO to the Vendor, and following up till the material is received at the distribution center.
Ximple Purchasing Management Software includes demand planning functionalities. It handles the recording of forecasted demand and processing the forecast to plan for the availability of raw materials and capacity planning to meet the forecast demand. The module processes three planning types, including Materials Requirements Planning, Min-Max planning, and Reorder Point Planning.
Each Wholesale Distribution industry group and industry has its own unique needs from purchasing management software. For example, direct shipment, where the supplier ships the material directly to the customer, is a feature of the distribution industry. Complexities of the Supply Chain are different for each industry. The ERP Application must meet the industry supply chain requirements.
The Purchasing and demand planning requirement for two companies in the same Wholesale Distribution industry could be different. Since the chain provides unique competitive advantages to the company, it must identify such critical requirements and ensure that the selected ERP satisfies the company-specific needs.
Purchasing and Demand planning complexity increases exponentially with business growth. So any ERP for Purchasing should be able to handle this complexity as the company grows.
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The purchasing module makes it easy to know When and Whom to buy from. The system permits you to schedule your purchases by company, supplier, and product; depending on user-defined parameters.
Method of demand planning
In an On-Premise ERP, the Customer manages ERP Software and the technology infrastructure (Hardware). This level of control enables the Customer to customize the software to suit their unique Purchasing processes. This flexibility comes at the cost of managing the unfamiliar terrain of managing the IT infrastructure.
In a Cloud ERP, the ERP Vendor manages Cloud-based ERP, both software and hardware. The Customer can configure the ERP Software to meet their business requirements. There is limited flexibility in customizing the application to meet the unique business processes. In some cases, the Customer will need to modify their business processes to suit the operations supported by ERP.
The main benefits of Cloud ERP are reduction in cost and complexity of managing the IT Infrastructure. Irrespective of Cloud or On-premise ERP, the key is to understand the critical business requirements and ensure that the ERP system that you choose can quickly meet those requirements.
ERP software consists of different business management modules. One of these modules is procurement or purchasing. ERP in purchasing refers to a software system that makes the procurement of products or services more efficient. It facilitates record-keeping in the entire procurement process to prevent fraud.
It streamlines operations, logistics, vendor relationships, supply chain, etc. An ERP purchasing system allows procurement officers to automate quote requests and record order data. They can also track purchase orders and keep a record of approved suppliers.
Every ERP software vendor believes they sell the most appropriate product. If you base your purchase decision on price alone, you might choose the wrong software. Besides price and convenience, focus on ERP features.
In the case of the purchasing module, you need features that fit your specific procurement process. In short, you should do these steps when choosing procurement ERP.
You will require the following ERP features or modules:
Did you know that how companies implement and use ERP is changing? According to IBM, there are three trends in which this is happening. They include:
Ximple ERP Software for distributors provides powerful business modeling tools allowing your company to use our proven template models or personalize the ERP to your unique requirements.
In this article we will do a comparison between different ERP systems. To be precise, we will perform ERP System Comparison of Ximple Solutions’ ERP with other ERP Software in the industry.
Here are the 8 reasons why the significance of enterprise resource planning (ERP) systems must be regarded by any company: