If your business involves physical goods, buying is one of your core business activities. Your suppliers are as important as your customers and they must be provided with accurate information.
Buying the right quantities in right amounts can affect your cash flow and profitability positively. WISE MRP contains a set of transactions that will make your buying process as efficient and seamless as possible.
Request for Quotation
A Request for Quotation is a document that an organisation sends to one or more suppliers asking a quotation for items.
To access Request for Quotation, go to: Home > Buying > Purchasing > Request for Quotation
How to create a Request For Quotation:
- Go to the Request For Quotation list, click on New.
- Enter the date.
- Choose the Supplier to whom the Request for Quotation is to be sent.
- In the next table, enter items, quantity and the target warehouse where you’ll be sending the items.
- Warehouse can be left blank if ‘Maintain Stock’ is unticked for the item.
- Save and submit.
Purchase Order
A Purchase Order is a binding contract with your Supplier that you promise to buy a set of items under given conditions.
It is similar to a Sales Order but instead of sending it to an external party, you keep it for internal records.
To access Purchase Order, go to: Home > Buying > Purchasing > Purchase Order
How to create a Purchase Order:
- Go to the Purchase Order list, click on New.
- Select the Supplier, required by date.
- In the items table, select the item by code, you can change the required by date for each item.
- Set the quantity and the price will be fetched automatically if set in the Item master.
- Set taxes.
- Save and Submit.
Supplier
Suppliers are companies or individuals who provide you with products or services.
To access the Supplier list, go to: Home > Buying > Supplier > Supplier
How to create a Supplier:
- Go to the Supplier list and click on New.
- Enter a name for the supplier.
- Select the supplier group whether Pharmaceutical, Hardware etc.
- Save.
