One of the oldest, but yet a challenge many businesses face, is purchase management and inventory. Running low on necessary stock, placing duplicate orders, or not receiving placed orders are some of the major stock issues that companies may face while dealing with purchase management, in a traditional way.

1. India's #1 Multi-channel Order & Inventory Management System
How can an efficient
Purchase Management
Resolve your stock issues?

2. One of the oldest, but yet a challenge many businesses face,
is purchase management and inventory. Running low on
necessary stock, placing duplicate orders, or not receiving
placed orders are some of the major stock issues that
companies may face while dealing with purchase
management, in a traditional way. Today, in order to survive
the growing competition, you cannot afford any room for
errors in your purchase management. Because, if you don’t
procure products in a timely-manner, then you will loss sales
and trust of many potential customers.To avoid stock issues
scenarios nothing can be better than automating your
purchase management.
The buzzword for an efficient purchase management is
“automation.” Implementing an order management system
that offers an in-built purchase management software will help
you avoid stock issues while making the process more
streamlined and efficient. This way you can cut-out and
automate many steps as possible, reducing cost and manual-
related errors.

3. Also, integrating this software with your business allows every
employee associated with purchasing, to easily access the
software for collaborative management to expedite the
purchase order requests.
By automating your purchase management you can ensure
the following:
1 – Accuracy
By automating your purchase management you can have an
easy access to all your inventory in real-time. It will alert you
once your stock reaches a limit. However, in a traditional
approach you or the person associated to purchasing have to
constantly check those levels manually, and any error may
lead to several stock issues. So, the smart and effective way
to prevent critical stock from running out, is to automate your
order purchase process.
2 – Repeat purchase order
If you are business undertaking regular shipment of products –
it becomes tedious, time-taking and error-prone to recreate
the same purchase orders, repeatedly. This reduces product
management efficiency and directly affects the bottom line of
your business. However, integrating a purchase management
system with your back-end operations can repeat old purchase
orders avoiding the hassle to recreating them, again and
again. So, repeat purchase order can be created once and
used indefinitely, increasing efficiency and eliminating stock
issues, in such scenarios.

4. 3 – Purchase order visibility
Miscommunication is the one of root cause that occurs stock
issues. Many times it is commonly noted that one person from
your purchasing department places the order, but another
person accepts it but forgets to forward the product to the
concerned department in a timely-manner. This reduces
efficiency and increases management costs of your business.
Automating your purchase order process will allow you and the
members of your purchasing team a clear visibility of all your
purchase order process, in real-time. It doesn’t matter who
receives the order or who placed the initial order, the arrival of
the products will be known company-wide.
4 – Up-to-date reports
Maintaining accurate reports is the key for an efficient
purchase management. It becomes difficult to track purchase
orders manually, and even more difficult is to generate
accurate reports based on those information. Having accurate
reports on-the-go will help you resolve stock issues,
completely. Purchasing software automatically tracks purchase
orders and helps you generate reports at the click of a button,
allowing you to make informed decision to avoid stock issues,
which in turn can save your business more money.

5. O
In Closing
Automation is a smart way to spot: improved efficiency, cost
saving and convenience. Because all of your purchase orders
is handled by a single system, the chances of stock issues
becomes zero.