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Reckoner Purchase interacts with Reckoner Inventory. Purchase Order is associated as the reference document in GRIN.
Reckoner Purchase Management interfaces with Production Planning, Material Requirement Planning and Purchase Planning. Reckoner Purchase uses the actual material requirement and its consumption reported by MRP to optimize the purchase plan and performs the purchases accordingly.
Reckoner provides unique features whereby different charge components can have different accounts associated with them and thus debit these accounts accordingly. Reckoner Purchase further interacts with Accounts Receivables and Payables for Payment Processing and Analysis.
Reckoner Purchase comprises of:
Indent: This is a purchase Requisition, which indicates the item, specifications, code, quantity, and time when required.
Request for Quotation: The RFQ is the document sent to the vendor to inquire about a material(s) for their pricing and terms and conditions.
Quotation Registration: This is a document received from supplier recording details of charges, lead-time, and terms and conditions for each item supplied.
Purchase Order: This is a primary document based upon which supplies are made, inspected, accepted and paid for.
Invoice: This is a document sent by the supplier specifying the items dispatched, the rate, quantity supplied.
Vendor Management: maintains details of Vendor like their history, rating, Rate contract etc.
Features
Purchasing Management
• Document based management of the entire purchase cycle starting from Purchase Requisition to Bill Passing.
• Definable multiple types of each class of document to manage variations in process flow of different types of materials and services.
• Minimises data entry work using reference documents and menu dropdowns.
• Online Authorization of Documents in a workflow based system.
• Documents and Reports can be printed and saved in various formats.
Procurement pricing
• Definable charge types specifying their unit of calculation and additive /deductive property.
• Definable charge schemes specifying predetermined sequence of charges that will be applied in the pricing process.
• Account assignment with charges supporting integration with financial accounting.
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