Purchase Order is a document shared with the vendor indicating the product (SKUs), their respective quantities and the agreed price. It is basically a communication of ‘intention to buy’.
Whenever inventory levels go low Uniware uses its different mechanisms to suggest purchase quantity under
It makes sure that no extra effort goes in replenishing the inventory levels whenever necessary.
The system also supports the procurement of the same SKU from different suppliers/vendors. Learn more about Vendor Management.
A Purchase Order can go through various stages in a purchase life cycle. This empowers the various users of the system to monitor what is happening with the products coming into the business. Various phases of the purchase lifecycle can be broadly explained with a simple annotation below:
PO created > PO Approved > PO sent > Order Received at Warehouse
Uniware defines comprehensive order statuses in the Purchase Order life cycle in order to keep a complete track. Need details?