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The Purchase Order Tracking module will create, track, process, and receive all phases of the PO cycle. Additionally, it will calculate inventory requirements and compiles reorder reports for management. This module fully supports purchasing based on formulas using minimum and maximum reorder points, average usage by period specified, lead time and EOQ’s (Economic Order Quantity). All inventory requirements and reorder functions are tied directly into the sales analysis module; and PO tracking is integrated into Inventory, Bill of Materials, Order Processing, Sales Analysis, Accounts Payable and Production Tracking modules. The fact that sales trends are identified and purchase recommendations are made to allow inventory value to be reduced without affecting sales. Additional features of this module include:
All POs can be reviewed before printing, or you can elect to have POs automatically created. The floating reorder point allows you to detect sales or usage trends up or down. The system will automatically increase or decrease the quantities to order; thereby preventing the overstocking or overbuying of materials/items falling out of favor. Some reports available with this module are:
"Purchase Order Tracking" is part of the Perfect Circle Shop Foreman line of products, developed by Perfect Circle Solutions.