Procurement Management


Procurement is a process for buying or acquiring of product or services from external sources. The goal of procurement is to ensure that the best price and quality of product by comparing with many vendors or suppliers. The procurement process in PrismERP starts with requisition from the consumed department. After the approval of requisition it went to purchase department for sourcing. Purchase department collects quotation from the vendor on the basis of requirements. They compare and analyze the quotations in different degree. After choosing the best option they go for the purchase.