Branch with Vendors
Definition
Branch with Vendors refers to the management and association of vendors based on their linkage to specific branches within an organization. This enables branch-level control over vendor relationships, procurement activities, and vendor performance tracking.
Key Objectives
- Associate vendors with one or multiple branches for localized procurement
- Manage vendor information, transactions, and contracts at the branch level
- Track branch-specific vendor performance, delivery schedules, and compliance
- Facilitate branch-wise procurement planning and budgeting
- Maintain clear accountability for vendor management within each branch
Core Features
- Vendor Assignment: Link vendors to branches they supply or support.
- Branch-specific Vendor Lists: Maintain and access vendor records filtered by branch.
- Purchase Management Integration: Connect branch purchase orders and invoices with assigned vendors.
- Performance Monitoring: Track delivery times, quality, and payment history per branch-vendor relationship.
- Access Control: Restrict vendor data visibility and editing based on branch permissions.
- Reporting & Analytics: Generate branch-focused vendor reports for procurement decisions.
Integration with PrismERP Modules
- Purchase & Inventory Management: Manage branch-specific procurement and stock levels
- Accounts Payable: Handle payments and vendor liabilities per branch
- Vendor Ledger: Track financial transactions with vendors linked to branches
- Reporting & Analytics: Analyze vendor performance and procurement spend by branch
- User & Access Management: Control data access aligned with branch roles
Ideal For
- Organizations with multiple branches managing localized procurement
- Retail chains coordinating suppliers per store or region
- Manufacturing firms sourcing raw materials across different plants
- Service providers managing vendor contracts by office or location
Summary
Managing vendors by branch allows organizations to maintain effective control over procurement and supplier relationships tailored to each location’s needs. PrismERP facilitates this with tools for branch-linked vendor data, transactions, and performance tracking.