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Far Vision Materials Management manages some
critical functions of an organisation, which include materials
procurement or purchase order processing, inventory control, materials
valuation and sub-contracting.
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Materials Management is integrated with
the following modules
- Financials
- Real Estate
- Infrastructure
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Objectives and Advantages
- Capturing materials requirement
- Creating and processing purchase orders
- Monitoring purchase orders
- Receiving goods in the warehouse
- Verifying accuracy and validity of purchase invoices against
orders and goods received
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Far Vision Edge: Features and Highlights
- It allows the inventory to be measured in a number of units,
with immediate conversion between units. Besides this, trace
of each raw material can be kept in multiple units of stocking.
- It allows the inventory to be kept at several locations
within the organisation. This enables multi-warehouse stock
handling.
- Occurrence of extra charges like freight inwards and assigning
them against purchases.
- Physical stock verification and adjustment of differences.
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Far Vision Materials Management: A closer
look
Materials Procurement
- Indents
- Purchase orders
- Goods Rec. note
- Purchase Invoice
- Accounts posting summary
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