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🛒 Procurement & Supply Chain Management (MM/SRM)

Detailed Functional Elaboration: Material Requisitions, RFQs, Vendor Rating, Purchase Orders, and Rate Contracts.

📌 Strategic Sourcing & Procurement Core

The Procurement module ensures optimal material availability while controlling input costs. It converts raw material requisitions into competitive Request for Quotations (RFQs) and legally binding Purchase Orders (POs).

Core Procurement Functions

  • Automated Material Requisition (PR) Processing
  • Vendor Quotation Comparison (RFQ Matrix)
  • Purchase Order (PO) Release & Tiered Approval
  • Annual Rate Contracts & Blanket Agreements
  • Supplier Performance & On-Time Delivery Rating

ERP Inter-Module Integrations

  • Stores: Real-time Material Requisition triggers from safety stock breaches.
  • Quality: Rejection reports feed into supplier rating algorithms.
  • Finance: PO commitment tracking against annual department budgets.

📦 Data Entities & Analytical Dashboards

Primary Data Entities

  • Purchase_Requisition (PR No, Item Code, Qty, Required Date)
  • Vendor_Master (Vendor Code, Tax ID, Bank Details, Rating)
  • Purchase_Order (PO No, Vendor, Items, Unit Price, Terms)
  • Quotation_Comparison (RFQ No, Bidders, Landed Cost)

Key Procurement KPIs

  • Purchase Order Cycle Time (PR-to-PO Days)
  • Supplier On-Time In-Full (OTIF) Delivery %
  • Cost Savings & Purchase Price Variance (PPV)
  • Vendor Quality Rejection Rate Index