contractERP
automates the entire process of special ordered purchases.
Cash Flow can dramatically be improved by timing purchases
more accurately to the customer’s actual ship date and
vendor lead and handling times, or by using the systems
automated consolidated purchase environment, creating a
better opportunity to negotiate volume purchases and
consolidate freight. Driven directly from contractERP's easy
to use Release and Order Schedules, buyers will be alerted
of all material to be purchased in an organized requisition
system with all the necessary information at their
fingertips without any re-keying. Other cash flow benefits
include;
-
Reduction in your work in process Special Ordered
inventory shortening the time carrying the out-of-pocket
expense of the vendor’s Invoice and receiving payment
from the customer
-
Reduction in manufacturer expediting charges
- Gained
visibility to consolidate purchases which can improve
purchase order margins and consolidate freight costs
- Instant
visibility of unused special order material that needs
to be reconciled with a return to vendor, material
write-off, or re-distribution to another contract or
back to stock transaction
-
Automated management of retainage and billing processes,
potentially reducing A/R aging through improved
organization
-
Real-time Credit Management controls reduce sales made
to delinquent accounts
-
Real-time visibility through visual Business
Intelligence tools allowing management to respond
quickly to sensitive business situations before they
cause a negative impact to the company
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