Procurement & Inventory Management
Standardize and automate procure-to-pay processes including requisitioning, sourcing, contract management, and purchase orders. Manage diverse spend with on-time delivery, contract compliance, and strategic sourcing visibility.
Complete Supply Chain Control
Various factors such as stiff competition, changing technology, and short product life cycles demand that companies manage their inventory efficiently without over-stocking. Our Inventory Management module is designed to meet all these challenges.
Horizon procurement module helps companies standardize and automate processes for planned materials including daily requisitioning, sourcing, contract releases, and purchase orders with diverse spend management.
The complete procure-to-pay cycle is managed from material request through purchase order, goods receipt, and supplier invoice - all with real-time stock updates and approval workflows.
Material Requisition
Streamlined request process with approval workflows
Multi-Store Management
Bin, batch, and expiry tracking across warehouses
Supplier Self Service
Portal for vendors to manage orders and invoices
Reorder Analysis
Automatic reorder points and stock optimization
Request Material
Raise material requisition with specifications
Source & Order
Get quotations, analyze, and create purchase order
Receive Goods
Record receipt note and update stock accounts
Process Invoice
Enter supplier invoice for accounting and payment
Key Features
Comprehensive tools designed to streamline your financial operations
Material Requisition & Sourcing
Initiate material requests with detailed specifications. Vendor quotation analysis with comparison tools. Approval workflows ensure compliance before purchase order generation.
Purchase Order Management
Create and manage purchase orders based on approved requisitions and quotations. Support for purchase contracts and blanket POs. Track pending orders until all items are delivered.
Multi-Store Inventory
Manage inventory across multiple stores and warehouses. Bin location management, batch tracking, and expiry date monitoring. Stock ageing analysis at various locations.
Stock Transactions
Complete inventory transaction management including goods receipt, stock issues, and inter-store transfers. Physical stock check functionality with variance reporting.
Costing & Consumption
Multiple costing methods supported for accurate inventory valuation. Material consumption tracking and analysis. Reorder analysis to optimize stock levels and prevent stockouts.
Supplier Self Service Portal
Dedicated portal for suppliers to view purchase orders, submit quotations, track deliveries, and manage invoices. Streamlines supplier communication and reduces processing time.
Key Benefits
Optimize your supply chain with comprehensive procurement and inventory management that reduces costs, improves efficiency, and ensures on-time delivery.
End-to-End Procure-to-Pay
Manage the entire process from requisitions to purchase orders, invoices, and payments in a single solution.
Real-time Information
Improve business performance with real-time access to requisition, purchase order, and key procurement data.
Bulk Purchase Savings
Realize savings by consolidating multiple requisitions to negotiate favorable bulk-purchase pricing.
Inventory Optimization
Control inventory replenishment with capabilities to minimize excess stock and fulfill orders on time.
Digital Approvals
Digital approval capabilities to authorize expenditures in accordance with company policy.
Contract Compliance
Ensure on-time delivery and improve contract compliance with automated tracking and alerts.
Multi-Location Control
Manage inventory across multiple stores and warehouses with complete visibility.
Expiry Management
Track batch numbers and expiry dates to prevent wastage and ensure quality.
Supplier Collaboration
Streamline supplier communication with self-service portal for orders and invoices.
Tailored for Your Industry
Specialized solutions designed to meet the unique challenges of diverse sectors
Seamless Integration
Works perfectly with other Horizon modules for unified supply chain operations
Frequently Asked Questions
Find answers to common questions about Procurement & Inventory Management
The system supports multiple costing methods including FIFO (First In First Out), LIFO (Last In First Out), weighted average, and standard costing. You can configure different methods for different item categories.
Yes, the system supports unlimited stores and warehouses with bin location management, batch tracking, and expiry date monitoring. You can track stock ageing and perform inter-store transfers.
The SSS portal allows suppliers to view their purchase orders, submit quotations, track delivery status, and manage invoices online. This reduces communication overhead and speeds up the procurement process.
Yes, you can create purchase contracts and blanket POs for recurring purchases. The system tracks releases against the contract and monitors contract compliance and utilization.
When a receipt note is created, stock accounts are automatically updated in real-time. The system tracks pending POs until all items are delivered and integrates with accounting for supplier invoice processing.
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