iQ – Procurement Management

Purchase Management module automates the purchase of general and raw material like scrap, ingot, billet, bloom with physical and chemical attribute, premium metals. It also has provision for opening new masters such as items, quality, size, broker, furnace, vendor etc.

Salient Features:

• Purchase plan based on Make-to-Stock (Forecast) or Make-to-Order (Sales Order)
• Supplier Analyses based on Credit Limit, Price, Quality, Delivery, Service criteria
• Lead time and Best Rate: Item Purchase History Analysis
• RFQs and Quotation comparative Analysis
• Landed Value Calculation with provision for additional expenses
• User defined procurement flow: Requisition- Enquiry- Quotation- Purchase order Processing-Material Receipt-Supplier invoice
• Purchase Indent
• Purchase Order
• Multi Level Approvals to PO
• Ingot/Billet/Scrap – Sauda /Deal
• Gate Pass – returnable/non-returnable.
• Material Receipt
• Linking of Gate entry, Weighslips, QC Inspection, Purchase Order, Indents
• Handling Material Rejections.
• Termination of Deals (Auto and Manual)
• Expense Allocation for exact landed value calculation
• Complete Work order management system

Imports

• Import Purchase Order and Letter Of Credit (LC)
• Entry of Import Shipment data at Loading port
• Bill of Entry, Custom Duty Calculations and postings
• Material Receipt GRN linked to the Bill of Entry
• Import Bill Passing along with Overhead Expenses linking
• Actual Landed Value Analysis against the Import Purchase Order