Procurement Management is tightly integrated with Accounting, Purchasing, and Job Costing. Automated processes help ensure that materials are accurately tracked. Purchasing tools streamline the ordering of material from vendors, the issuing of subcontracts, and the management of materials-related documents. Easily account for materials received, invoiced, backordered, produced, and used. Procurement Management tracks purchase commitments, quantities, pricing, and receipts (by job, work order, equipment part, or inventory). From start to finish, contractors can streamline processes and maximize profits by having the right materials on site at the right time.
Procurement Management is comprised of several components that streamline the handling of materials:
Inventory Control provides a powerful, perpetual inventory system suitable for construction and service contractors. Inventory Control is fully integrated with General Ledger, Purchase Orders, Job Costing, Service Management, Buyout/Procurement, Order Processing and Equipment Costing. Tight integration helps companies rely on adequate stocks of critical items to avoid shortages while keeping accounting and tracking tasks to a minimum.
Purchase Orders give contractors control over all activity related to the pricing, ordering and delivery of goods, whether for restocking inventory or for use on a given task. Fully integrated with other Management Suite components, Purchase Orders helps contractors and service managers minimize costs and maximize purchasing effectiveness.
Order Processing is designed for contractors who sell materials directly to customers. It records all activity related to ordering, shipping, and invoicing goods. Over-the-counter processing handles cash sales and credit card sales as well as orders placed for future shipment and invoicing.
Buyout gives contractors the power to control costs and manage the buying process that occurs between winning a bid and starting a job. Numerous worksheets and reports provide insight into materials, RFQs, and subcontracts. Further streamline and automate the buyout process with vendor pricing agreements and integration with estimating applications.
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