Transform the way you order

 How much crucial is Supply chain management for business

It is a process of managing the flow of goods and services transforming raw material into finished goods and move the product to the customer. For example, in case of FMCG products, the life cycle will begin from raw material, manufacturing, warehouse, shipping, and retailing. It’s an uphill battle as it involves various individuals from different levels of the organization. In addition, there will be a chance of human error all the time. In my view having an open source supply chain management software will make a huge difference.

There is a misconception that all the ERP solutions are paid which is not true. There are multiple software’s are available in the market. However, indeed, some of them are not affordable to every organization. The organization which cannot afford the paid software can go for the freely available software. Since we are talking about SCM businesses can go for the open source supply chain management software.

Features must be considered while selecting the open source supply chain management software.

• Give a concentrated perspective on the production network.

• Permit organizations to plan production and resourcing.

• Assist organizations with deciding the right transportation mode, transporters, and courses, and plan to stack limit.

• Consolidate data about stock and buy requests to guarantee materials are accessible on schedule.

• Assist organizations with creating creation plans, decide when items will be free for clients and their expenses.

• Naturally decide and react to changes to plans as indicated by conditions.

• Screen each phase of the production network from value citation to conveyance. 

Purchase order management

How it can elevate your organization?

Purchase order management is a process of procurement of raw material rationally, effectively, and efficiently optimized. Purchasing and procurement are two vital tasks of a business therefore organisation must be do it carefully. But, if you do it manually there are high chances of error since human errors are inevitable so, it better to do it automatically rather than doing it manually.

 

You may use purchase order management software. It has the functionality to automate the vast majority of tasks and processes linked to your company’s procurement, from vendor and invoice handling to the quick and easy creation of purchase requisitions and orders.

Features of Purchase order management-

Purchase Requisition

The software will itself generate electronic purchase requisition. It will have a pre-populated template that will be routed automatically to reviewers.

Purchase order

 In purchase order management software after purchase requisition, you only need to forward the information to the supplier.

Invoice administration

It provides you the facility of paperless transactions and stores the data securely. Moreover, it provides ready-to-use templates to make and convey the information in the standard format.

Vendor Regulation

The system can integrate all the documents relating to supplier and purchaser centrally. The software includes vendor signup, enrolment, and associated documents. 

Conclusion

Procurement and purchase order management system open source is the most disregarded part and no one takes note. Yet, organizations are not focused on moreover, it can affect the main concern of the association. Hence no, matter what you choose for your organization it should be proved as an asset whether it’s an open source supply chain management or any other software.