Procure based on customer needs to cut down inventory costs and make accurate and profitable purchases with minimal effort using online purchase management software.Learn how to manage purchase accurately.
Free demo of purchase software
Purchase right products at right time and right price from right place with a completely digitized purchase system
Minimum staff and least skill levels required to operate and make decisions in the entire source to pay cycle
Forecast customer demands with AI and ML automation, procure with maximum profits and get accurate Gross margin Return on investment (GMROI)
Save upto 1% on turnover with complete visibility and control on purchase to purchase return process within first 3 months of usage
Operate with a lighter inventory, of twice the supplier lead time for 50% of products with accurate re-ordering system using 10+ parameters
Ensure your inventory reaches the rack 60% faster with mobile based 3-way PO reconciliation (PO vs GIN vs GRN) inwarding system
Data represented is based on market research conducted by mrakaf on a set of 100 customers among Indian retail businesses
Purchase order to payment
Automated reordering
Supplier/Vendor management
Margin protection
Controls and approvals
Centralized purchase management
AI-driven purchase decision
Mobile-based inward
Purchase order to payment
Automated reordering
Supplier/ Vendor management
Margin protection
Controls and approvals
Centralized purchase management
AI-driven purchase decision
Mobile-based inward
Right products - Purchase order to payment
Make decisions on what to buy based on your customer needs with end to end purchase management and avoid suppliers pushing you the products, create automatic or manual purchase orders automatically or manually, receive it as receipt entry or parcel entry or goods inward against PO, convert them directly to purchase invoice, initiate purchase return against supplier with auto credit note and pay to suppliers right from ERP through connected banking
Right time - Automated reordering
Save inventory holding costs and prevent stockouts or overstocking with automated re-ordering system. Let your retail purchase order management software make re-order decisions not your suppliers as you can fix the re-order formula for each product or category based on minimum / maximum stock, sales history, purchase history, purchase unit factor, sales order frequency and much more. Setup the reorder template once and initiate the PO to suppliers through mail in a click
Right place - Supplier/Vendor management
Procure from right supplier who gives you better margin for your products. Setup supplier wise VAT/GST purchase formula, validate PO/RN mandatorily based on supplier, view supplier purchase history with product wise margin info in PO screen to make right decisions even when you're not available. Ease out the purchasing entry with supplier wise invoice template, excel import and create items right from purchase invoice screen using supplier order management software.
Right price - Margin protection
Know the exact margin, competitive price with accurate expense tracking and GMROI calculation. Arrive at accurate landing cost by defining supplier wise purchase formula, track freight charges, discounts, free items, additional GST, schemes value right from purchase screen and view product wise ROI. Setup Gatekeeper margin for each product and ensure your price is always determined for profits. Markup or mark down the pricing at once based on product, category and supplier
Right decisions - Controls and approvals
Operate with minimum staff having least skills and have maximum control on purchase and pricing decisions. Leave out the responsibility of PO expiry tracking, purchase return adjustment, back dated invoice entry, expiry tracking, audit logs, PO vs PI reconciliation, excess coinage tracking to purchase management system. Get maximum control with approval system for selling price, goods inward mismatch and price changes
Right process - Centralized purchase management
Centralized supplier order management software gives you the flexibility for central purchase from head office, controls on local purchase in outlets. Completely automate your purchasing process for put away, flow through and direct to store products with auto indent at day end based on reorder formula, centralized purchase order for suppliers, centralized supplier contract and payment management. Replenish the inventory to outlets from warehouse based on PUF/SUF and demand based stock transfers
Right cash flow - AI driven purchase decisions
Set your purchasing decisions in an auto-pilot mode with AI and ML based purchase order management system - The EYE. Forecast and replenish using seasonal, perishables, private lable production and supplier lead time. Track supply chain discrepancies, get it fixed and move from Buy-> Stock -> Sell to Sell -> Buy -> Stock mode. Spend least time on making purchase or merchandising decisions with interactive conversation based web and mobile apps
Right tools - Mobile based inward
Fast forward your inward process and ensure your stock reaches rack faster with mobile based retail purchase order management system. Inward products quickly using mobile camera barcode scanning or entering quantity manually, add new products, print barcodes and 3-way PO reconciliation - Purchase orders vs Goods inward note vs Goods received note. Web based retail purchase order management system to complete the goods inward process from anywhere
Scan and inward products using mobile, fix price and complete purchase entry using browsers
Approve selling price, negotiate better margin with suppliers anywhere anytime
Artificial intelligence based reordering, replenishment and merchandising solution
Banking within ERP to initiate supplier payments and auto BRS
A Purchase management software ensures to track every inward stock that enters a business, fix the right pricing for the stock and initiate re-order suggestions based on sales. Purchase management software includes operations like purchase order creation, supplier agreement management, purchase inward as goods inward or receipt note or parcel entry, fixing the price for products and creating re-order suggestions based on sales
Purchasing is an area where the profits of a business is decided. Taking manual decisions on purchasing without the help of a software becomes a tedious process as there are dynamic product introductions, pricing changes, supplier agreement management and outstanding payment management. In order to be conservative in maintaining optimum inventory and aggressive in making maximum margin out of the inventory, purchase management software is the only way.
- Prevent overstocking, stock outs and save inventory holding costs
- Manage end to end purchase operations from purchase order to payment
- Stock right products at right time in right price
- Protect margin by accurately calculating gross margin return on investment
- Take purchase decisions and execute them with minimal staff and least skills
- Make purchase decisions based on your customer needs and prevent suppliers from pushing you the products
Supplier order management software helps businesses to create suppliers, mark their information like GSTN, map their pricing contracts, monitor their lead time, create purchase order against them, track purchase returns and settle the outstanding. Purchase management system is a holistic solution from managing the suppliers, creating purchase orders, marking the purchase entry against goods inward, fix price, calculate GMROI, automate the reordering and file the GST returns for the purchases all from a single place.
mrakaf helps businesses operate the purchase management using minimum staff and with least skills ensuring 100% accuracy in determining the right margin for your business. Freedom to execute all the purchasing operations on desktop or web or mobile app with maximum reliability. Forecast and stock based on customer demands and lead your path to profits.
You can download and experience the free online purchase management software with a 30-day trial using the link below.
mrakaf purchase order management system with all associated add-on solutions are listed in the pricing page. Use the link to know about the plans and pricing of the purchase management software.