Purchase & Inventory
Smart purchasing, precise inventory powered by NexusCore.
PURCHASE & INVENTORY
Classification of Inventory into Warehouse Inventory (Stock as per accounts) and Project Inventory (Materials purchased exclusively for a project)
Lot and serial control enable precise tracking of inventory items by batch or individual unit for full traceability.
Different methods of Inventory Valuation - FIFO, Average, Specific Price etc
Purchase Pricing - Feature defining, controlling, and applying how much you pay suppliers, ensuring consistency, accuracy, and cost savings.
Label printing for items lets you generate and print QR codes with item details for easy identification and tracking.
Locations and bins enable precise tracking of inventory by warehouse and exact storage spot for efficient management
Cycle counting and adjustments enable periodic inventory verification and automatic correction of discrepancies for accurate stock management.
Tools Inventory - Feature for tracking and management of tools or equipments that are used in projects but not sold like regular stock
Auto Requisitions - System generated material requisition to order maximum stock quantity when stock level falls to minimum
Single PO form for purchase of multiple item types.
ERP sends Purchase Orders automatically to the vendors once approved.
ERP automatically checks 3-way matching at the time of invoice booking, ensuring the invoice aligns with the Purchase Order and Goods Receipt before posting to accounts.
Easy onboarding of Supplier with additional feature to download template and upload the supplier data
Auto Item creation in Item master when a Purchase Order is created for a new item.
Customized Reports like PO log, Requisition log, Daily warehouse report, Project wise PO report etc
Dashboard provides a real-time visual summary of key procurement metrics like purchase orders, GRN, Inventory value etc.
Customized approval workflow ensures all requisitions and purchase orders are reviewed and authorized before processing, maintaining control and compliance.
Item Issue can be directly linked to Item Requests, ensuring traceability from demand to fulfillment
