Procurement | Friends ERP | Best ERP Software in Ethiopia
Explore the Friends ERP Procurement module. procure-to-pay cycle, material request, purchase orders, multi-level approvals, supplier scorecards, supplier payments.
Procurement
A frictionless procure-to-pay cycle with full supplier control.
30%
Cost-saving potential
100%
Approval transparency
5×
Faster procurement
Overview
Procure-to-pay cycle, material request, purchase orders, multi-level approvals, supplier scorecards, supplier payments..
What's Inside
Take a closer look at every capability Procurement puts to work for your business.
Material Requests
Initiate the procurement process by creating material requests for required items. Specify quantities, delivery dates, and required specifications. Centralizes and tracks all procurement needs.
Purchase Orders (POs)
Generate purchase orders based on material requests or direct purchases. Specify supplier details, item descriptions, quantities, prices, and delivery terms. Automate PO creation and approval workflows.
Supplier Management
Maintain a comprehensive database of suppliers with contact information, payment terms, and performance history. Track supplier interactions and manage supplier relationships effectively. Implement supplier scorecards to evaluate and monitor supplier performance.
Multi-Level Approvals
Configure multi-level approval workflows for purchase orders and other procurement documents. Ensure that all procurement activities are authorized and approved by the appropriate personnel. Enhance control and transparency.
Purchase Receipts
Record the receipt of goods and services from suppliers. Verify received items against purchase orders and update inventory levels. Streamline the goods receipt process.
Supplier Invoices and Payments
Record and manage supplier invoices. Process payments to suppliers and track payment status. Automate payment reminders and streamline the accounts payable process.
Procurement Analytics and Reporting
Generate detailed reports on procurement activities, supplier performance, and spending. Gain insights into procurement trends and identify areas for improvement. Monitor KPIs.
Request For Quotation(RFQ)
Send RFQ's to multiple suppliers, and compare their quotations. Allows to get the best prices from the market.
The Business Impact
Reduces procurement costs, improves supplier relationships, and ensures timely delivery of materials.
See Procurement in action
Explore the live Friends ERP sandbox or talk to our team for a tailored walkthrough.