The Procurement Management module of LuitBiz ERP will help you to purchase items from external suppliers more efficiently and on time. This module can definitely save company money, particularly to growing companies that spend a sizable chunk of their revenue on purchasing goods and services for their business.

Back Orders:

LuitBiz ERP helps you manage the back orders that cannot be filled now, and for which your customers are prepared to wait for some time till your stock is replenished. This helps in planning your replenishment transactions.

Purchase History:

LuitBiz ERP provides complete purchase history from your suppliers at your fingertips. This helps you in making further purchase decisions from them.

Partial Receipt Tracking:

Using LuitBiz ERP, you can track all the receipts against your purchase orders. This includes tracking of partial receipt of items against purchase orders.

Requisitions:

LuitBiz ERP allows your users to create purchase requisitions with an online form in the Employee Self Service Module. This eliminates paper-based forms and their associated errors. Once completed, requisitions are automatically routed for approval.

Purchase Orders:

You can view the list of all your purchase orders that you have issued to your suppliers. You can create purchase orders from approved purchase requisitions.

Purchase Request Tracking:

LuitBiz helps in tracking all the purchase requests made by its users via the online requisition form in the Employee Self Service Module.

Receiving:

Once you receive an item, LuitBiz ERP matches it with your original purchase order and adds it to the system. With proper receipt and purchase order matching, LuitBiz ERP notifies your accounts payable department that payment should be made to the supplier.

	Business Benefits: The procurement management module of LuitBiz helps your business by: Helping you identify the items you need to procure Providing you complete information about Purchase issued to suppliers and review supplier performance against contract Helping you have complete knowledge of delivery timeframes and methods and review and receive the items procured Helping you approve supplier payments and resolve supplier performance issues Providing impressive cost savings and saving valuable time and streamlining the workforce. With LuitBiz ERP, many of the steps involved in purchasing are either not necessary or are automated so that the entire process runs smoother and faster.