How does ERP software handle purchase requisitions and approvals?
ERP software handles purchase requisitions and approvals by streamlining and automating the entire process. It allows users to create purchase requisitions electronically, which can be reviewed and approved by authorized individuals. Once approved, the requisitions are converted into purchase orders, triggering the procurement process. ERP software also enables tracking and monitoring of purchase requisitions at every stage, providing visibility into the status and progress. It ensures compliance with company policies and procedures, helps optimize purchasing decisions, and improves overall efficiency of the procurement process.
November 9, 2023