Features in this solution are:

Purchase Management

• Establish a process for the procurement of materials for manufacturing and sub-contracting.
• Organize and maintain purchase contracts – rate contracts/ period contracts/ project contracts/ tenders, special price agreements.
• Access supplier’s pricelists and their item catalogue.
• Maintain a directory of suppliers for easy contact retrieval.
• Enquire or place requests related to purchases.
• Compare quotations, RFQs, tenders and bids and then process purchase orders and amendments.
• Evaluate and keep track of your supplier’s performance.

Storage Inventory Management

• Keep track of goods that are inbound.
• Maintain QC for all the incoming materials.
• Handle and manage inventory levels for manufacturing and sub-contracting.
• Evaluate local and imported materials.
• Track and control raw materials and finished goods batch-wise, order-wise or lot-wise, and maintain complete transaction histories.
• Accurately locate the rack or bin of the goods or materials.
• Track and analyze all transfer of goods and materials between warehouses, external contractors and inter company-manufacturing facilities.
• Tag products with bar code/ RFID technology.
• Maintain all purchase returns and credit notes.
• Supports most  techniques for Inventory  analysis· Define taxes and duties for each item as applicable.

Supplier Self-Service

• Allows supplier to enter quote against RFQ.
• Allows supplier to enter bid against tender.
• Allows supplier to enter supplier stock.
• Track supplier payments and credits.

Saves Times for Your Business

Easier Selection Process
Cut down the selection process time and challenges as you don’t have to go through the wide choices of quotes, products, process and more. Prior records stored through the solution help streamline the process of choosing supplier.

Faster Information Access
A central database enables faster access to all supplier and supplier related information, thereby greatly reducing the time taken to look up information.

Selecting The Right Supplier
The solution helps you to maintain an inventory of all the transactions with the supplier. Evaluating the supplier’s performance based on the previous transaction records helps to provide feedback for improvement.

Tracking Of Goods And Materials
Track your goods and materials across warehouses, external contractors and inter company-manufacturing facilities with bar-coding and RFID technology. The solution also helps you track down a particular good or material to the rack or bin.

Flexibility

Choose inventory technique to your convenience - ABC/ FSN/ SOS/ VED

Helps to Build Better Network with the Suppliers

Suppliers can keep a track of the data like quote against RFQ, bid against tender, supplier stocks and keep tabs on the payment and credits. Involving them actively gives the supplier a sense of security, and in turn helps you to build a better network with the suppliers.

Records for Proof

By documenting details of price and special agreements and more, you will have concrete data when there is a disagreement.In brief, SRM is a solution that enhances efficiency in your business by managing supplier management competently and reaps superior results.