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 both 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.
• Does your ERP Software meet your Business Needs?
• Does your ERP solution aligns with company goals?
• Will ERP Software Integrate/compatible with existing systems?
• Have partner Network/Availability?
• What type of training/support options offered by the ERP Solution provider?
• Have references and recommendations from customers?
• Does your ERP provider invest in tomorrow’s technology?