Save Time & Money With FOYCOM Purchase Management System
Efficiently streamline your procurement process and achieve significant savings with FOYCOM's comprehensive Purchase Management System.
Powerful Purchase Management Software that helps you gain control over Business Challenges
If you Are facing any of below problems, then FOYCOM is for you!
.
Inefficient Procurement Processes
Budget Overruns
Lack of Visibility
Vendor Management Issues
Approval Bottlenecks
Inaccurate Inventory Management
Integration Issues
Mobile Accessibility Issues
Advanced Features Of Purchase Management System
Import PO With CSV / Excel
Vendors can confirm & manage large wholesale PO efficiently by importing them in CSV or Excel format. This feature is useful for orders containing multiple lines of various products, allowing for easy and organized data handling.
Purchase Order Configuration
Easily set up & configure purchase orders with flexible options. Customize order parameters, manage vendor information, and define product details to ensure accurate and efficient order processing. This feature simplifies the setup process, making it straightforward to handle various types of purchase orders.
Distribute Shipping Cost
Upon confirmation of a purchase order and receipt of goods at the warehouse, easily distribute additional shipping costs. This feature accounts for extra charges from logistics companies, ensuring accurate cost allocation for wholesale purchases beyond the supplier payment.
Manage Product Commission
Navigate to the settings, access the purchase section, and select the commission product. This feature allows you to efficiently manage and assign commissions to specific products, ensuring accurate tracking and calculation of commissions within the purchase process.
Add Product Feature
This feature allows users to create quotations and mark products as commissionable. This ensures accurate commission tracking and efficient product addition to quotations.
Purchase Agent Confirmation
Users can confirm orders by navigating to the "Other Information" tab and clicking the internal link button next to the purchase agent's name. This ensures all relevant details are verified and properly linked within the system.
Vendor Purchase Report
The Vendor Purchase Report provides a detailed overview of all vendor purchases within a specified timeframe. This helps users track spending, manage vendor relationships, and analyze purchasing trends for better decision-making.
Pay Commission
The "Pay Commission" feature allows users to generate a purchase commission draft, which can then be confirmed and processed for payment. This ensures timely and accurate commission payments to relevant parties.
Benefits Of Our Purchase Management Solutions
Simplified Purchasing
Makes buying things faster and less complicated using FOYCOM. Helping you create and handle orders with ease.
Accurate Commission Tracking
Tracks commissions and pays them on time by automatically creating and verifying commission reports. Better Choices Gives you in-depth data and analysis helping to make smart buying decisions based on solid information.
Improved Decision-Making
Offers detailed insights and analytics, enabling you to make well-informed purchasing decisions.
Enhanced Vendor Management
Provides comprehensive vendor purchase reports, helping you track and manage vendor relationships effectively.
Increased Operational Efficiency
Boosted Productivity Cuts down on hands-on work and lowers mistakes resulting in a streamlined and more effective way to handle purchases.
Security & Compliance
Ensures that all purchasing activities adhere to industry standards and regulatory requirements, safeguarding your business.
Purchase Order Tracking
With FOYCOM, You are allowed to track the status of your purchase order in real time for timely delivery and fulfillment.
Centralized Supplier Management
FOYCOM consolidates supplier information in a single location, making it easy for you to handle and communicate with all your suppliers.
Automated Workflow
Streamlines approval processes and reduces bottlenecks with automated workflows for purchase orders and commissions.
Solution For Your Wholesale Business With Purchase Management Software
All Your Suppliers, Managed In One Place
Create & Track Purchase Orders Efficiently
Unlock 360° Spend Visibility in Dashboard
1000+ Companies R un FOYCOM to Grow Their Businesses
Join us and see the difference in business output.
How FOYCOM Purchase Management System Works?
Add Supplier & Create Purchase Order
Track Order Status
Supplier Fulfillment
Invoice Matching
Payment Processing
Analyze Purchase Data
Why Choose FOYCOM For Purchase Management System?
Better Visibility
Gain clear insights into your purchasing processes and vendor performance, enabling informed decision-making.
User-Friendly Interface
The intuitive design allows users of all levels to easily operate the system, thereby increasing efficiency while reducing training time.
Cost Savings
Enhance buying processes, avoid mistakes, save a fortune, and boost your margins.
Customer Support
Friendly and attentive customer support guides you through any question or problem you have. Seamless Integration
Seamless Integration
Effortlessly integrate with your existing systems and software, ensuring a smooth workflow and cohesive operations.
Scalability
FOYCOM’s solutions are designed to grow with your business, allowing you to scale your purchase management capabilities as needed.
Common FAQs For Purchase Management System
Definition of Purchase Management System (PMS) - A software application that automates, and streamlines the entire process from requisitioning to payment. This allows to your purchases at one point in promptness, gives more transparency and control over this part of the budget.
Ensure the PMS offers robust security features to safeguard sensitive financial data and complies with relevant industry regulations.
Yes, advanced PMS solutions can handle different purchasing scenarios.
Yes, several PMS solutions offer mobile apps that allow users to
A PMS enables streamlining as well as automation of the buying process including placing orders, tracking inventory, and managing suppliers.
It increases efficiency and reduces errors; strengthens supplier relationships and increases visibility into inventory and spending.
Some of the key features include order tracking, supplier management, inventory control, reporting and analytics, and integration with accounting software.
With FOYCOM, you can get started using instantly. But if you need some custom features, then it depends on the complexity of the system, but typically, it will take anywhere between days to week.
Substantial variation exists both in terms of functionality and number of users, but most commonly monthly subscription system like FOYCOM is much better options when compared to developing your own products or customizing the any ERP software.
Well, many systems like FOYCOM offer functionalities to analyze supplier's performance based on metrics of lead time and order fulfilment rate.
FOYCOM PMS can automatically keep track of stock and alert you when the inventory is low, and assists in planning for reorders
Some common reports FOYCOM generates include: -purchase history report, performance of suppliers, inventory levels and analysis of the spends.