PURCHASE
What is PURCHASE
Managing procurement efficiently is essential for business profitability. The Purchase module in Lucent ERP streamlines the entire procurement process, enabling businesses to handle supplier management, purchase orders, approvals, and payment tracking.
By ensuring better vendor relationships, cost control, and timely procurement of goods and services, this module empowers companies to optimize supply chain performance and avoid unnecessary delays.
Benefits of PURCHASE Module
Cost Control & Budget Accuracy
Provides real-time visibility into procurement spending and prevents over-purchasing with budget checks.
Vendor Efficiency & Transparency
Improves vendor selection and accountability with comparison tools, performance tracking, and audits.
Procurement Process Automation
Reduces manual errors and processing time through integrated workflows from requisition to vendor payment.
Features of PURCHASE
- Vendor Master Management
- Purchase Requisition (PR)
- Request for Quotation (RFQ)
- Quotation Comparison
- Purchase Order (PO) Creation
- PO Approval Workflow
- PO Amendment & History Tracking
- GRN (Goods Receipt Note) Generation
- Quality Check (QC)
- Purchase Return Handling
- Invoice Matching (3-Way Match)
- Landed Cost Calculation
- Tax & Compliance Support
- Multiple Units of Measurement (UoM)
- Reorder Level Alerts
- Recurring Purchase Orders
- Currency & Forex Rate Integration
- Vendor Rating System
- Document Attachment
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