Purchasing is an important part of material management department and it is generally defined by the parties who are selling products and purchase line lists, each containing a product and quantity. Purchase management of ERP offers complete control for generating purchase orders, completing procurement process, vendor payment, cost accrual etc. It also handles material issues, material receipts etc. This module is also responsible for establishing communication with other modules in order to ensure constant flow of data and information.
Purchase management also looks after preparing invoices, purchase orders and other similar tasks. It is integrated with production planning and inventory control. This ERP module determines whether vendors are providing services within the specified time or not. Vendor evaluation activities are integrated inside purchase module which allows the purchase orders for only those vendors which are approved.
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