Difference between revisions of "Vendor Management"

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Tactic provides an updated vendor management system that excels in Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities. The vendor management tool of Tactic is customisable and it can be used in a dedicated, shared and virtual interface or systems. Vendor management system of Tactic comes with effective document storage, a good and secure platform and useful tools.


== 1. Vendor Management-- ==
== Vendor Management ==
Vendor management system of Tactic provides an opportunity of managing a good number of vendor based on their relationship with the company. The primary vendor management features are:


* Tactic is a vendor management solution that has Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities.
* [[File:Vendor-page-01.png|center]] Creation of different vendor profile
* Vendor management systems offer great document storage, robust security, and powerful tools.
* [[File:Vendor-page-02.png|center]] The business relationship with the vendors can be easily managed with highlighted efficiency, which can improve the company-supplier relationship
* Your vendor management system can improve your organization’s efficiencies.
* [[File:Vendor-page-03.png|center]] Keeping all the vendor related information along with their contact details can be kept within tactic, which decrease the chances of record-loss and data loss
* This tool is customizable and can run on shared, dedicated, or virtual systems.
* [[File:Vendor-page-04.png|center]] Tactic can provide a multi-platform suite that can easily be updated into the latest version
* When all your vendor data is consolidated in one location, you can manage your relationships with heightened efficiency, which your suppliers will appreciate.
* As a central hub for vendor master data and record-keeping, this software can reduce the duplication of data, loss of contracts, labor costs, and errors.
* Tactic offers a multi-platform suite that can be updated to the latest version.


== Vendor Payment ==


== 2. Vendor Payment-- ==
All the payment related data for the vendors can be stored securely within Tactic. The software will also be able to manage all the vendor payment with utmost efficiency.  


* Upload vendor master data from ERP including vendor contact details and bank account details into Co-process.
* [[File:Vendor-page-05.png|center]] The users can upload any vendor data including the contact information regarding each of the vendors
* Upload from AP the vendor invoices into Co-process.
* [[File:Vendor-page-06.png|center]] Uploading vendor invoices into Co-process
* In order to pay the vendors the system produces the payment file to interface with the payment bank(s).
* [[File:Vendor-page-07.png|center]] Centralisation of vendor payment process in Tactic can be helpful in bringing huge savings to the group
* Centralized vendor payments streamline the payment process and bring huge savings for the Group.
* [[File:Vendor-page-08.png|center]] Application of different currencies help in managing payments from vendors of different nations within a single space
* The multiple payments over wide geography in many currencies are transferred into a single payment and remittance per currency to the vendor.
* [[File:Vendor-page-09.png|center]] Tactic can automatically send remittance advice by email to all active vendors
* The system makes use of the standard-setting engine to send out remittance advice by email to all active vendors.


== 3. Supplier Management-- ==
== Supplier Management ==


* Create Purchase Orders, Approve, Receive and Bill your Purchase Orders.
Management of suppliers are quite similar to the management of vendors. There are certain added features that can enhance supplier management feature quite effectively.
* Currently, only standard invoices are managed for supplier invoices.
* If you are tracking your stock, then use the stock dispatching wizards to receive products in your warehouses.
* Calculation of Weighted Average Price can be done automatically.
* Take into consideration, open customer orders and open purchase orders and automatically calculate the correct quantity to buy.
* Grant users and groups permissions on the workflows. Define the thresholds which will automatically trigger email notifications when they are breached.
* Generate your Purchase Orders automatically.


== 4. Warehouse Management-- ==
* [[File:Vendor-page-10.png|center]] Creation of purchase orders, approving, receiving and billing the purchase orders are some of the most basic features of supplier management system of tactic
* [[File:Vendor-page-11.png|center]] Effective management of vendor invoices
* [[File:Vendor-page-12.png|center]] Tracking of stocks in accordance with purchase from suppliers can be performed easily with Tactic as well
* [[File:Vendor-page-13.png|center]] Generation of automatic purchase orders
* [[File:Vendor-page-14.png|center]] Granting users and groups permissions according workflows. This can help in defining the thresholds which will automatically send a trigger email notifications in terms of being breached


* Retrieve details of stocks and movements for a particular lot at any time.
== Warehouse Management ==
* Lots and serial management
 
* An Admin can also set properties to your lots like Sell-by date or Eat-by-date.
Tactic provides an upgraded warehouse management system, which helps the users to organize warehouses based on their tags and categories. This service comes under the product module, however, it helps in managing warehouse elements in an independent and less complicated interface. The additional features of data warehousing are:
* Define the desired quantity for each product so that the replenishment tool will be able to generate supplier orders automatically to restore the stock.
* [[File:Vendor-page-14.png|center]] Getting an updated visualization of stock with the assistance of weighted average price calculation
* Make a mass stock change, inventory, or transfer in one step.
* [[File:Vendor-page-15.png|center]] Managing product reference, warehouse, date, serial number and racking of stocks based on these details
* Automatic virtual stock and easy replenishment process.
* [[File:Vendor-page-16.png|center]] Managing and retrieving details of stock and stock movements at any time
* Use both your real stock and virtual stock to make your replenishment in just a few clicks.
* [[File:Vendor-page-17.png|center]] Allowing an admin to set properties regarding additional details such as Sell-by date or Eat-by-date
* Record your stock movement manually and/or configure your application to increase or decrease your stock automatically.
* [[File:Vendor-page-18.png|center]] Definition of desired quantity for each product for generating supplier orders and restock certain items within specific time-frame
* [[File:Vendor-page-19.png|center]] Using both real stock and virtual stock for making replenishment in just a few clicks
* [[File:Vendor-page-20.png|center]] Recording stock movement manually for configuring increase or decrease of stock automatically

Latest revision as of 12:24, 7 July 2022

Tactic provides an updated vendor management system that excels in Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities. The vendor management tool of Tactic is customisable and it can be used in a dedicated, shared and virtual interface or systems. Vendor management system of Tactic comes with effective document storage, a good and secure platform and useful tools. 

Vendor Management

Vendor management system of Tactic provides an opportunity of managing a good number of vendor based on their relationship with the company. The primary vendor management features are: 
  • Vendor-page-01.png
    Creation of different vendor profile
  • Vendor-page-02.png
    The business relationship with the vendors can be easily managed with highlighted efficiency, which can improve the company-supplier relationship
  • Vendor-page-03.png
    Keeping all the vendor related information along with their contact details can be kept within tactic, which decrease the chances of record-loss and data loss
  • Vendor-page-04.png
    Tactic can provide a multi-platform suite that can easily be updated into the latest version

Vendor Payment

All the payment related data for the vendors can be stored securely within Tactic. The software will also be able to manage all the vendor payment with utmost efficiency. 
  • Vendor-page-05.png
    The users can upload any vendor data including the contact information regarding each of the vendors
  • Vendor-page-06.png
    Uploading vendor invoices into Co-process
  • Vendor-page-07.png
    Centralisation of vendor payment process in Tactic can be helpful in bringing huge savings to the group
  • Vendor-page-08.png
    Application of different currencies help in managing payments from vendors of different nations within a single space
  • Vendor-page-09.png
    Tactic can automatically send remittance advice by email to all active vendors

Supplier Management

Management of suppliers are quite similar to the management of vendors. There are certain added features that can enhance supplier management feature quite effectively.
  • Vendor-page-10.png
    Creation of purchase orders, approving, receiving and billing the purchase orders are some of the most basic features of supplier management system of tactic
  • Vendor-page-11.png
    Effective management of vendor invoices
  • Vendor-page-12.png
    Tracking of stocks in accordance with purchase from suppliers can be performed easily with Tactic as well
  • Vendor-page-13.png
    Generation of automatic purchase orders
  • Vendor-page-14.png
    Granting users and groups permissions according workflows. This can help in defining the thresholds which will automatically send a trigger email notifications in terms of being breached

Warehouse Management

Tactic provides an upgraded warehouse management system, which helps the users to organize warehouses based on their tags and categories. This service comes under the product module, however, it helps in managing warehouse elements in an independent and less complicated interface. The additional features of data warehousing are: 
  • Vendor-page-14.png
    Getting an updated visualization of stock with the assistance of weighted average price calculation
  • Vendor-page-15.png
    Managing product reference, warehouse, date, serial number and racking of stocks based on these details
  • Vendor-page-16.png
    Managing and retrieving details of stock and stock movements at any time
  • Vendor-page-17.png
    Allowing an admin to set properties regarding additional details such as Sell-by date or Eat-by-date
  • Vendor-page-18.png
    Definition of desired quantity for each product for generating supplier orders and restock certain items within specific time-frame
  • Vendor-page-19.png
    Using both real stock and virtual stock for making replenishment in just a few clicks
  • Vendor-page-20.png
    Recording stock movement manually for configuring increase or decrease of stock automatically