Generation of requisition / indent based on the project plan defined.
MRN and GRN
Material sent by vendor will be received by the Store, where subsequent processes, MRN and GRN, will follow. Post GRN quality check, accepted quantity will be updated in the stock.
Materials acquisition based on requisition request from the site or the availability versus demand of the material in the stock. Request to the purchase department by the store is done through the Indent Process.
Issue of the Material
Material is issued against requisition.
Stock reconciliation is done through tracking all GRN's & issues.
The purchase department
Requisition verified against estimation, project plan & processed accordingly.
Suppliers registered & materials mapped with supplier.
Material requisition/indents verified from site versus estimates and approved.
Floating request for quotations (RFQ) and quote comparison generated against material rate.
Purchase order created with terms and conditions. Rates picked up from the latest approved quotations.
Once PO is approved, PO copy mailed to the Vendor with PDF attachment.
The accounts department
Purchase bill is created against accepted quantity. Realx ERP also captures the vendor invoice details and can upload the soft copy of the vendor invoice.
PO Payment Certificate: Realx ERP picks multiple bills for a specific vendor and creates a payment certificate with cheque number, cheque date, amount paid etc.
Purchase controls and optimized inventory holding cost.
Automated subsequent process workflow avoids unnecessary delays in material procurement.
Better supplier management and grading, competitive quote and up to date pricing.
Transparent process helps manage unexpected delays with real time workflow monitoring.
Complete cycle of material management from estimation to delivery, stocking and issuing.
Most of the high ticket consumer products see long sales cycles. Real Estate are the sector supporting this fact. While you don't buy a car every month, most certainly you wouldn't buy a house either. read more blogs >>