Procurement Software or Vendor Management Software Traders, Retailers and Distributors

Procurement Software or Vendor Management Software Traders, Retailers and Distributors

What is Procurement Software / Purchasing Software?

Many of our Traders and distributors are in selling Automobile Components, Small and Large Machine, Supplying Raw materials for manufacturers, Selling cutting Tools, Electronic items etc. ACTouch Procurement Software is also known as “Vendor management software” is designed as a distribution management system software to handle all these types of Business scenario and its Complexity etc. We help our Traders to manage the Inventory, Finance and Accounting, distribution of materials etc.

A normal procurement management software, can help companies Procurement teams uses for entire procurement processincluding contract management, Supplier management and procurement solutions.

Purchase Order Software or a procurement tool could help to manage Purchase requisitions or purchase requests would initiate the purchasing processes from Stores Departments, Purchase Order approval workflows. Once the materials receipt is done, Procurement platforms should be linked to accounting systems to manage Supplier Invoice managementand Accounts payable process.

This acts like a three-way matching where we check, when we receive stock, when Supplier Invoice is lodged into cloud-based procurement software and when Finace team does the payment to vendor.

Since the procurement process is an important one in a Company, as it decides product landing costs, in few companies, they want a purchasing process with an approval processes. This is done with maker checker features. Procurement teams can have a real time data validation with complete control on Supplier Relationship Management is handled.

Benefits of procurement software or a Cloud-based ERP software is integrating procurement lifecycle with Procurement automation tool such that procurement process is simplified and purchase team is very efficient.

This focused requirements created an ERP vertical (Vendor management software or Procurement Software for Traders and Distributors) that’s focused for Traders, Distributors addressing their needs of

1. Inventory Management with Order processing
2. Purchase Indents raised
3. Check Supplier Quotes and Compare the Price Lists
4. Raise a Purchase Order
5. Maker Checker Approval for the Orders
6. A typical POS with features to integrate the Finance modules.
7. Location and Warehouse Management
8. Supply chain management
9. Integrating the Customers to our ecosystem
10. Connecting offline Business to Online Business etc. If you have a portal, our APIs can help to link the website and receive the Orders online.

How Procurement Management Cycle is mapped to Purchasing Software to Automation??

ERP for Traders and Distributors (Distribution Management System Software)

Many Traders and Distributors have business like Automobile Components, Large Machine, Hand tools, Bearings etc and they sell across India. The way they do business is, they buy from OEM or Manufacturing companies and sell to another Traders and Manufacturing companies. Many times these items are Batch or Serial Numbered or they have multi units of measurements like No of Sheets and also total Weight in KGs.

Today industry is depending on these Distributors to supply the majority of the components and made available to everyone.

Few Traders do the Import of material and also does the export of Finished Goods. They need to handle “Product Landing Cost“ of the materials and also need a strict control on “Cost of Finished Goods”.

If you have the Sub Dealers and Sub-distributors then you can help them with ACTouch.com’s Dealer Management Apps.

Product Features

ACTouch Cloud ERP software specially designed for Traders and Distributors to handle their complex process. Some of the common features are

1. Sales Quotes and Sales Order Processing
2. Purchase Order Processing
3. Inventory Control
4. Finance Management
5. Packing list and Import and Export business.
6. Planning and Forecasting.
7. Costing module to control FG and RM costs.
8. Manage your product landing costs etc.

Product features that helps Distributors, Traders to do a Digital Transformation with our Vendor management software

Sales and Purchase Order Processing

1. Create Sales order and convert to a WO to track the productions
2. Manage the Invoices, Job work Invoices.
3. Manage Purchase orders, Receive Materials etc

Import and Export Business.

1. Manage your Import of items with Landing Cost features.
2. Packing list and convert it to Invoices. Helps to manage Customs and others
3. Manage the GST Taxation

Inventory Control

1. Accurate Costing of Raw Materials to Finished Goods
2. Manage Stocks of Batch, Non Batch and MUOM items.
3. Helps to manage Physical inventory and stocks.

Activity Based Costing (ABC)

1. Handle Material, Labor, Machine costs to 100% accuracy
2. Bottom up approach to get the Finished Goods costs.
3. Reduce the cost of By-product or Scrap sales.

Material Requirements Planning (MRP)

1. Manage your product Demand and supply
2. Helps to generate Purchase Indents and Work Orders
3. Helps to balance the items with Re-Order level stocks.

Finance and GST

1. Manage your Payments and Receipts
2. Manage your Multi Currency transaction with Triangulations.
3. GST and Taxes.
4. Track 100% materials sent to Contractor and how much he produced at one place.

Complete Integrated Solution

ACTouch.com is a completely integrated Solution for Manufacturers, Jobworkers, Large Machine Manufacturers etc.

Quality Management.

1. Manage all your Quality testings
2. Reports the quality cases at Stock Receipts, FG Receipt etc.
3. Generate the reports to see the Quality issues, if any.

You can refer to few business cases and see the Product Fitment for your needs

1. Small and Large Machine Manufacturers
2. Packaging and Carton Box Manufacturing Industry
3. Chips and Electronics Manufacturing
4. Plastic Injection Molding Processing Industries

eMail us at sales@actouch.com for more details.