{"id":297,"date":"2021-12-13T00:00:00","date_gmt":"2021-12-13T00:00:00","guid":{"rendered":"https:\/\/www.versaclouderp.com\/blog\/know-your-cloud-erp-purchase-management\/"},"modified":"2021-12-13T00:00:00","modified_gmt":"2021-12-13T00:00:00","slug":"know-your-cloud-erp-purchase-management","status":"publish","type":"post","link":"https:\/\/www.versaclouderp.com\/blog\/know-your-cloud-erp-purchase-management\/","title":{"rendered":"Know Your Cloud ERP: Purchase Management"},"content":{"rendered":"<p><strong>Purchase Management <\/strong>is a crucial function in a modern 21st-century enterprise. Businesses require a <a href=\"https:\/\/www.versaclouderp.com\/blog\/accelerate-shift-simple-erp-solution-financials-inventory-production\/\">modern solution to manage the complex<\/a> purchase workflow, track the levels of inventory at various stages of their product life cycle, measure and meet shortages, complex BOM&#8217;s and a PO planner to effectively manage levels of inventory.<\/p>\n<h3><strong>Versa Cloud ERP provided End-to-End control of purchase workflows.\u00a0<\/strong><\/h3>\n<p><b>[widget id=&#8221;custom_html-39&#8243;]<\/b><\/p>\n<h2>Key highlights of the Versa Cloud ERP&#8217;s Purchase Management Feature<\/h2>\n<h3><strong>Purchase to Pay<\/strong><\/h3>\n<p>Versa Cloud ERP supports the procurement of raw material, finished goods, or services by providing visibility and control of the entire purchase life cycle. In the purchase life cycle, Versa tracks the receiving of inventory from various suppliers via a robust reporting mechanism that provides information on Inventory, Inventory on hand, product listing, BOM, quantities on work orders, and shipped\/packed orders. In addition, Versa also provides insight into cash flow and financial commitment. Enabling the business to keep a keen eye on all parts of the purchase to pay cycle from purchasing, receiving, paying for, and accounting for goods.<\/p>\n<h3><strong>Complex BOM<\/strong><\/h3>\n<p>Versa Cloud ERP can manage complex BOMs for the business with the built-in mechanism in the solution.<\/p>\n<p><b>[widget id=&#8221;custom_html-25&#8243;]<\/b><\/p>\n<h3><a href=\"https:\/\/www.versaclouderp.com\/blog\/purchase-order-planner-overview\/\"><strong>PO Planner<\/strong><\/a><\/h3>\n<p>Versa Cloud ERP provides a built-in PO planner. An intelligent system, Versa PO planner assesses and allows you to determine your purchasing needs based on factors such as quantity set for backorders, minimal stocking levels, quantities allocated to work order, etc. \u00a0This enables automating the purchasing pattern for the entities, with factors that make sense to your business.<\/p>\n<p>Versa is a versatile system that allows business to automate their workflow. One such automation is demonstrated with the Purchase order workflow, which automatically updates the inventory as a PO is posted and created a bill\/receipt, so if you have 1 vendor or 100 Versa has got your business needs covered.<\/p>\n<h3><strong>Inventoried View<\/strong><\/h3>\n<p>Versa Cloud ERP provides an in-depth view of all products making it easy to manage complex BOMs. \u00a0This also lists the inventory available at various locations enabling businesses to plan the purchases and maintain optimal levels at all times.<\/p>\n<p><img title=\"Versa Cloud ERP - Blog Know Your Cloud ERP: Purchase Management  %Post Title\"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4207 size-large\" src=\"https:\/\/www.versaclouderp.com\/blog\/wp-content\/uploads\/2021\/06\/inventory-management-1-1024x546.png\" alt=\"Versa Cloud ERP - Blog Know Your Cloud ERP: Purchase Management  %Post Title,\" width=\"719\" height=\"383\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>[widget id=&#8221;custom_html-40&#8243;]<\/p>\n<h3><strong>Let Versa Cloud ERP handle the Purchase Management process<\/strong><\/h3>\n<p><b>[widget id=&#8221;custom_html-34&#8243;]<\/b><\/p>\n<p><strong>Do Business on the Move!\u00a0<\/strong><\/p>\n<p><b>[widget id=&#8221;custom_html-24&#8243;]<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Make your businesses hassle-free and cut the heavyweights <a href=\"https:\/\/www.versaclouderp.com\/versa-cloud-erp-tour\/\"><strong>sign up for the Versa Cloud ERP today!!<\/strong><\/a><\/span><\/p>\n<p><strong>Join our <a href=\"https:\/\/www.versaclouderp.com\/pricing#Compare-eCommerce-Edition-&amp;-Standard-Edition\">Versa<\/a> Community and be Future-ready with us.\u00a0<\/strong><\/p>\n<p><b>[widget id=&#8221;custom_html-35&#8243;]<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"Purchase Management is a crucial function in a modern 21st-century enterprise. Businesses require a modern solution to manage&hellip;","protected":false},"author":2,"featured_media":786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","vcerp_display_header_overlay":false,"vcerp_singular_sidebar":"","vcerp_page_header_type":"","footnotes":""},"categories":[17],"tags":[33,20,876,747,136,34,102,299,169,471,511,43],"class_list":{"0":"post-297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-erp-for-inventory-driven-businesses","8":"tag-cloud-based-erp","9":"tag-cloud-erp","10":"tag-cloud-erp-for-ecommerce","11":"tag-cloud-erp-system","12":"tag-enterprise-resource-planning","13":"tag-erp","14":"tag-erp-solution","15":"tag-integration","16":"tag-inventory","17":"tag-inventory-management","18":"tag-manufacturing","19":"tag-smb","20":"cs-entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Know Your Cloud ERP: Purchase Management - Versa Cloud ERP - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.versaclouderp.com\/blog\/know-your-cloud-erp-purchase-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Know Your Cloud ERP: Purchase Management - Versa Cloud ERP - Blog\" \/>\n<meta property=\"og:description\" content=\"Purchase Management is a crucial function in a modern 21st-century enterprise. 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