What is a Purchase Order?

The purchase document published by a buyer is definitely a commercial source record that is issued by the company purchasing department when placing an order with its suppliers or vendors. This particular document stipulates details of the items that are to be acquired, such as the kind of goods, quantity, and price. Put simply, it is the contract verbalized between the buyer and seller when acquiring products from a supplier.

Automate your purchasing workflow

Automatically send RFQs to your suppliers based on your inventory levels. Improve and improve how you purchase and inventory your inventory with improved procurement tactics, depending on your stock levels, logistic rules, sales orders, predicted manufacturing orders, and so on. You can select a delivery method for each separate product based on manufacturing and delivery strategies.

Supplier price lists & product availability

Make smart purchase decisions using the best prices.

Easily import suppliers’ price lists and reference lists to make more effective purchase decisions based on your manufacturers’ promos, quantities, and special contract terms. Keep an eye on a product availability from a customer supplier in the stock of your provider and verify your order status within the user app itself. You can also base your sale price on your supplier’s prices.

Get the best offer with purchase tenders

Get the best price by negotiating with several vendors.

Evaluate purchase order centers on vendors’ proposals, launch purchase tenders, and integrate their solutions to ensure the most efficient purchasing option is chosen. Select the plump offer and send purchase orders easily. Use reporting to research vendors’ quality later on.

You might use a Blanket Order Agreement to purchase items from a seller at a predetermined price, on a recurring basis for the immediate future.

Get statistics on your purchases

Breakdown and analyze, forecast, and efficiently plan demands.

Sell your suppliers’ products for a fair profit through analytics that taxes and provides flexible updates on their provisions. Include accounting evaluations with your accounting integrations to analyze your contracts’ profitability.

Manage several companies

Save time and effort thanks to Cosmic ERP multi company rules.

Work with a single Cosmic ERP instance to generate invoices, share customers, suppliers and products, and manage product descriptions and orders. You can also simplify activities by automating the invoicing process across all organizations.

Get Ahead with Cosmic ERP

Is your organization struggling to keep up with the competition? Cosmic ERP is the solution you’ve been looking for. Our software is designed to increase productivity, efficiency, and profits. It’s easy to use and can be customized to fit the needs of any organization.