Procurement
In this era of digitalization, many companies have shifted to using ERP (Enterprise Resource Planning) software to help manage their business. In this discussion, we will delve into details about how the flow and recording work in the transaction modules present in the SOFICloud ERP Software. We will also discuss effective recording techniques, and how to use the recorded data in the SOFICloud ERP software to monitor business performance and make the right decisions for your business. By using ERP software, you can ensure effective and efficient daily business transaction recording, thereby improving your business productivity and performance.
Procurement Transaction
A procurement transaction is an activity related to the purchase or procurement of goods or services from suppliers or vendors to meet the needs of a company or organization. This procurement transaction involves various processes, such as the selection of the appropriate supplier, negotiation of favorable prices and payment terms, contract creation, and delivery of goods or services according to the agreed-upon arrangements. Procurement transactions are usually carried out by the procurement or purchasing department within a company or organization and are a crucial part of effectively and efficiently managing a company's resources. By conducting good procurement transactions, a company can ensure the availability of necessary goods or services at controlled costs and guaranteed quality, thereby increasing efficiency and company profits.
The following is the flowchart of the procurement system in the SOFICloud ERP application:
