Tally ERP 9 is a unique software that allows Purchase management as well. To begin with, ‘How Tally ERP 9 helps n Purchase Management?’, let us first understand the meaning of ‘what is Purchase Management!’
‘Purchase’ in general parlance means to procure a specific set of goods or commodities for a particular price. In simple terms, purchase management is managing the various purchases of the company, organization, or even a firm. It is concerned with the attainment of proper equipment, materials, and supplies of the right quantities, at the right time at the excellent prices.
A FEW OBJECTIVES OF PURCHASE MANAGEMENT:
- To ensure a good supplier relationship to provide the best terms of supply of materials.
- Bargaining any commodities for a reasonable price from the suppliers.
- To ensure that the goods purchased are of perfect quality.
- To keep in touch with alternate suppliers of goods required.
- The losses of goods due to spoilage, obsolescence, duplication, etc. are kept minimal.
HOW BENEFICIAL IS TALLY ERP 9 IN PURCHASE MANAGEMENT?
Purchase order processing is a useful purchase management tool. By generating purchase records, expense reports, and updating purchase records as and when needed, the users can manage their purchases effectively by utilizing Tally ERP 9. Tally ERP 9 is a smart software that will help the firm track all the purchase orders, and so on.