Slide 3

Purchase(Procurement) Management

Purchase Requisition

A purchase requisition is a document used as part of the accounting process to initiate a merchandise or supply purchase. By processing a purchase requisition, appropriate controls can monitor the legitimacy of a purchase, as well as identify the business need for the products. SYS IT OMS will give you the flexibity to approve the Purchase Reqqisition requested by your Staff to proceed to acquire Vendor/Supplier Quotation.

Vendor Quotation

Vendor Quotation is a formal statement issued by a Vendor/Suppliers to the prospective buyer; usually, upon request for a quotation(RFQ). It contains the detailed list of Products and Services, Prices and Taxes, Dates, Parties involved, Address information, Terms, and Discounts. SYS IT OMS will give you the flexibity to approve the Vendor Quote to proceed for Purcahse Order.

Purchase Order

A purchase order is a legal document handled over to a Vendor to purchase Products or Services. It offers you a channel to explain your requirements and intentions explicitly. Purchase Orders comprise the purchase order number, vendor details, product or service details, terms and conditions, prices, etc. SYS IT OMS will give you the flexibity to issue Purchase Order for approved the Vendor Quote.

Goods Receipt

A Goods Receipt is a document issued to acknowledge the receipt of the items listed in it. In other words, it is a document used to register in OMS the specifics of items physically received in the warehouse.

Invoice

After Receipt of Products/Services your supplier/vendor will issue Invoices depending upon the businesses you deal. SYS IT OMS gives you the flexibility to generate Invoices from Goods Receipt records.

Credit/Debit Notes

Sometimes your vendor/supplier will issue Debit/Credit depending upon the businesses you deal with your Supplier/Vendor. SYS IT OMS gives you the flexibility to generate Credit/Debit Notes from Invoice Records.