Purchase Management System (PMS) assists users in preparing purchase related transactions and also in exercising follow-up. The transactions covered in the full cycle include – enquiries send, quotations receive, analyse and short-list, place orders, receive goods, receive supplier bills, reconcile order – receipts – bills. PMS can provide at-a-glance view of related transactions and focus attention wherever there is a disconnect.

PMS helps in floating enquiries to suppliers, processing quotations received, placing purchase orders, preparing goods receipts and reconciling purchase orders and supplier bills with actual receipts.

Additional or related bills with service costs can be loaded on items mentioned in prior bills to arrive at the true landed cost – for e.g. freight charges bill may be received afterwards. The transactions of PMS stay in sync with IMS and FAS PMS helps maintain history of supplier-item rates as mentioned in quotations, bills or purchase orders. PMS takes care of multiple units for the same item, for e.g., Kgs. And Nos., Sq. Meters and Nos. PMS is compliant with tax regulations, for e.g. GST.