Your organization relies on the continuous availability and management of inventory. But it also relies on managing the expenses allocated to supplies, suppliers and inventory upkeep. Proper Supply Chain management goes beyond the supervision of physical items and information; it also involves the management of relationships with vendors, manufacturers and clients.
Virtuo Procurement packages the complex streams of product, information, relationship, finance and Fixed Assets flows into a user-friendly, web-based bundle.
Best of all, it allows you and your staff to maintain up-to-date quantities and values, and triggers alerts to any problems within the Supply Chain management cycle.
Virtuo Procurement module: complete Supply Chain management
The Virtuo Procurement module drives four transaction types with each transaction type having its own unique options:
1. Inventory to user;
2. Receipts of inventory from vendors;
3. Adjustments to inventory quantity or value; and
4. Transfer of inventory.
Virtuo Procurement’s highly intuitive functionality and key features allow your organization to adopt a paperless, centralized or decentralized system to ultimately improve productivity, eliminate redundancy and implement evidence-based decision making.
- Integrated financials. Virtuo Procurement interfaces with your General Ledger, Accounts Payable and Fixed Asset modules.
- Decentralized Fixed Asset management. The module allows full consolidation of Fixed Asset functionality including asset categorization, inventory management, modification tracking, service contracts and policies management, and linear and diminishing balance depreciation.
- Detailed inventory control. By maintaining a record of every item’s “store item” for identification, you have immediate access to item numbers and inventory locations.
- Maintain multiple stores. This allows for inventory to be housed in several locations and to split inventory into different types of stores.
- Manage contracts. Working with many vendors for a variety of items often means keeping track of multiple supply contracts. Virtuo Procurement puts this information at your fingertips.
- Speed-up Purchasing processing. The automated Purchasing procedure module reduces time-intensive inventory purchases and avoids duplication.
- Comprehensive Purchasing functionality. More than generating automated re-order reports, Virtuo Procurement details inventory items, compares current quantities to historical usage and lead time, sends purchase orders to vendors and then monitors the delivery of items.
- Detailed reporting options. With Virtuo Procurement, you’re able to process a wide variety of reports including control registry for changes, capital investment projects, orders, billing, numerical lists and user-defined lists.
As part of the Virtuo Financial and Procurement Management suite, the Virtuo Procurement module ensures every step of your Supply Chain management cycle is tracked and optimized while giving you predictive insight for proactive problem resolution. |
