This project aims to improve how we buy things for our organization. It involves steps like ordering materials from suppliers, storing them properly, and using them effectively. These steps are important for keeping our organization running smoothly.
1. Purchase Request (PR): Users within the organization initiate a purchase request for required materials.
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2. Purchase Order (PO): The procurement department generates a purchase order based on the approved purchase request. This PO is then sent to the vendor, specifying the details of the materials to be procured.
3. Good Receipt Note (GRN): Upon receiving the materials from the vendor, the store personnel create a Good Receipt Note to acknowledge the receipt of the materials. This document confirms the delivery and allows for the updating of the inventory.
4. Material Stock Management: With the successful receipt of materials, the inventory or material stock is updated accordingly in the system. The store personnel manage the stock levels and ensure accurate records of available materials.
5. Material Issue: When materials are needed for usage, the store personnel issue the materials from the stock to the respective departments or users who requested them.
6. Invoice Receipt Note (IRN): Following the receipt of materials, the accounting department creates an Invoice Receipt Note to verify the receipt of goods and validate the invoice from the vendor.
7. Advance Paymet : When Material is Purchase we can Give Amount on the Basis of Material Purchasing
8. Vendor Payment: Vendor Payment after receiving the Materilal and Miro Creation on the basis of Miro Entry