Introduction to Buying Module
The Buying module in ERPNext is designed to manage procurement processes and optimise supplier relationships.
- Requests for Quotation (RFQs): Evaluate quotations from suppliers to make informed purchasing decisions.
- Supplier Management: Maintain detailed records of suppliers, including contact details, terms, and performance metrics.
- Purchase Orders: Create and track purchase orders to ensure timely and accurate order fulfillment.
- Purchase Invoices: Process and manage invoices from suppliers, including payment handling.
- Stock Management: Update inventory levels and manage stock replenishment.
The Buying module helps businesses streamline their procurement activities, control purchasing costs, and strengthen supplier relationships.