Odoo 14 book

Purchase Management

Purchasing is the aspect of a company or a personal asset which deals with products, services and commodities being brought from the vendors for a specific price. The operation in case of a company operations are mostly repetitive and have a fixed wholesale price whereas the vendors provide retails price to the customer in case of personal shopping let it be for grocery, day to day use commodities or household products.

The Odoo purchase management module will provide an act as the complete management solution to deal with the purchase aspects of the company that would indulge in operations such as vendor management, vendor bills, stock updation, quality checks and the other all aspects of the purchase operations to be dealt with in the company.

The Odoo purchase management can bring in a steady and smooth operational methodology the company dealing with the purchase quotations, orders, voucher operations, MRP management, requisitions and many more aspects of the purchase operations of the company. The main advantage of the Odoo purchase module is that the platform is integrated with the other company operational module in Odoo which allows a combined operational methodology which would indulge in all the aspects of the company operation that are involved with the purchase aspects such as sales, inventory, repairs, production and accounting.

The purchase module of Odoo operates in the step by step operational terminology such as:

• initially allow the users to call for tenders for the supply of products and raw material to the vendors available.
• Based on the tender biting the request for quotations(RFQ) are being sent out. Once the request for quotation is agreed and validated the RFQ is transformed into a purchase order.
• On the conformation of the purchase order the incoming shipments are validated
• Based on the shipment the vendor bills are generated and the payment is done. At certain instances the vendors may require advance payment, which would be triggered before the shipment is to be done by the vendor.