PURCHASE / PROCUREMENT
Effective purchasing decisions can play a decisive role in the entire production process as it has direct impact on the cost structure. The role of purchasing decisions now involves efficient vendor/supplier relationship keeping cost savings in mind. WorksLogic helps you to find the right vendors for your exact purchasing needs. It also helps you maintain long-term relationship with them while sustaining product and price stability. WorksLogic comes with an evolved Purchase or Procurement management module with the key functionalities mentioned below
Purchasing Dashboard
Purchasing dashboard is a great tool for the decision makers and top management as it provides a holistic view of everything that is happening in the purchase department. It can help in the following way
- Provides unified view of entire procurement activities
- Shows Pending Purchase Request and Purchase Orders
- Shows vendor quotes on RFQ’s
Supplier Relationship Management (SRM)
Finding the right material for the product at the right price and quality depends entirely on identifying the right vendors that suit your requirements. Working with various vendors requires your time and resources to track and manage their performance. WorksLogic gives you a plethora of features to manage your vendors and make the most of your purchasing decisions.
- Vendor Ranking based on Quality, Delivery & Price
- Subcontractor Management integrated with Production Planning and Control.
- Receiving and accounting goods and services.
- Automatic Vendor Onboarding
Supplier Portal
WorksLogic Vendor Portal helps you communicate better with your vendors, ensuring timely and accurate communication. It reduces the time and error that may cause duplicate data entries. As all vendor quotes are available in the same format, it makes vendor comparisons easy for you. Here are some more features
- Effectively communicate RFQ’s to the vendor on the vendor portal
- Vendors can manage their price list on the Vendor portal which is visible to you
- Vendors can respond to RFQ on the vendor Portal
- Manage Negotiations, Invoices and payments on the vendor portal.
- Receive Invoices and Make Payment
Purchase Price Management
Finding the right material for the product at the right price and quality depends entirely on identifying the right vendors that suit your requirements. Working with various vendors requires your time and resources to track and manage their performance. WorksLogic gives you a plethora of features to manage your vendors and make the most of your purchasing decisions.
- Price List Management
- Receive Vendor quotes automatically in the ERP
- Digital price Negotiations based on vendor quotes
- Purchase Order Management with customizable Approval flow
- Outsource Order Management with customizable Approval flow
- Float RFQ’s to multiple vendors at the same time
- Pricing compare sheet based on vendor quotation
Material Receipt Accounting
Are you finding it difficult to track your late deliveries, quality issues and price disparity in your shipments received? Or do you feel that a lot of time, you could have bought a particular material at a better price? WorksLogic solves these woes for you through the following features.
- Receiving and accounting of goods and services.
- Credit note in case of defect in materials received
- Tally received invoices with Quantity and Quality of Material received
- Auto Updation of Inventory via Goods Received Note (GRN)
Purchase & Production
With WorksLogic your purchase is automatically synced with your production so that you always have the right information on production needs. It ensures that you are not unnecessarily blocking capital in unused inventory at the same time you ensure that your production does not get halted for requirement of Materials.
- Rule based auto Creation of Purchase Requisition as per material availability and Load
- Rule based Auto creation of procurement plan based on Projects and Orders
- Auto creation of PO/PR at Reorder Level