Talk:Vendor Management

 Tactic is a vendor management solution that has Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) functionalities.This tool is customizable and can run on shared, dedicated, or virtual systems.Vendor management systems offer great document storage, robust security, and powerful tools.

Upload vendor master data from ERP including vendor contact details and bank account details into Co-process.In order to pay the vendors the system produces the payment file to interface with the payment bank(s).The multiple payments over wide geography in many currencies are transferred into a single payment and remittance per currency to the vendor.

Create Purchase Orders, Approve, Receive and Bill your Purchase Orders.If you are tracking your stock, then use the stock dispatching wizards to receive products in your warehouses.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.Retrieve details of stocks and movements for a particular lot at any time.An Admin can also set properties to your lots like Sell-by date or Eat-by-date.

Define the desired quantity for each product so that the replenishment tool will be able to generate supplier orders automatically to restore the stock.Use both your real stock and virtual stock to make your replenishment in just a few clicks.Record your stock movement manually and/or configure your application to increase or decrease your stock automatically.