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purchase order monitoring system |
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- POMs is used to books Customer Purchase
Order at the branch level. System will select prices based on specific schemes if
applicable or based on certain targets.
- Branches enter collection details,
advances, Credit terms, miscellaneous purchases & expenses if any. System creates
a budget to track these expenses
in future.
- Embedded
within the package, is
a work flow engine that sets an approval hierarchy & a validation process.
- If the customer order breaches a
defined business rule then such customer orders are automatically escalated to the appropriate level for approval.
- To facilitate approval, System will show discounts & Gross
Contributions against standard transfer price & against BOM.
- POMS facilitates tracking of inventory as it supports Bar coding
of each inventory item.
- After receipt of
POat the Head Office, collection details are automatically reconciled with the bank
before processing for invoice & dispatch.
- Once validated, approved & advance money reconciled with
bank, customer
PO
is pushed to the factory for dispatch automatically.
- Factory dispatches the goods on FIFO basis and enters invoice
and dispatch details at such time.
- Tracking of the dispatches is possible through the portals of
courier companies.
- Pending orders can be computed on a real-time basis.
- Dealer commissions and sales expenses are calculated by the
system and payment against these budgeted expenses can be monitored by POMs.
- POMs is Capable of calculating incentives of individuals or
departments on the basis of MTD, YTD
and product wise or sales category wise incentive schemes.
- Capable of sharing
PO
value, expenses and Gross contributions between different
cost centers.
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