PURCHASE REQUIREMENTS

In well-run organisations, the Procurement process involves multiple steps before a Purchase Order can be released on a Supplier. This is to make sure that the requirement is genuine and are being bought on the best terms available at that time.

It is a good practice for departments to state their requirements first. The Purchase Department can then aggregate all requirements for particular items and begin negotiations with Suppliers for the best delivery terms. Requests for Quote (RFQ) can be invited from Suppliers and based on pre-defined parameters, the right offer can be chosen.

CREST ERP allows you to manage this process efficiently, as explained in the sections that follow