Why Do You Need POS Highway’s Purchase Order Software for Your Online Business?

If you’re like most people, you probably think that the last thing your company or online business needs is more paperwork, right? But, there’s already too much of that. Not using purchase orders might save you time, and besides that, they seem redundant, so why would you need another document that basically says the same thing as in the invoice?

Purchase order document – why do you need it?

Al the documents, files, and records might make you more confused, but from our experience, purchase orders aren’t useless documents. Contrary to popular belief, rather than making things more complicated, purchase orders can simplify your workflow.

Purchase orders are an essential part of maintaining accurate, complete financial records. Yes, they do seem like just an extra piece of accounting paperwork, but knowing how and when to use them has far-reaching business benefits.

Whether you’re running a large enterprise or handling a small online store, the right purchase order system can easily make a huge difference in how well the purchasing process works for your company.

This is where POS Highway comes in

Our custom-made Purchase order software is everything you need to make your payment processes more efficient.

Purchasing and receiving go hand in hand with inventory management. To get the most out of your inventory investment, your purchases need to be timely, cost-effective. Our goal is to make purchasing from your vendors as convenient and hassle-free as possible.

Here are a few reasons why you should choose POS Highway’s Purchase Order Software for your online business.

Vendor Management

Track address and contact information, terms, shipping method, and vouchering details for each vendor with up to 20 user-defined profile fields.

Create vendor item records that track the cost, purchasing unit, minimum order quantity, and lead time for each item you buy from a particular vendor. Track the primary vendor and any number of alternate vendors for each item.

Purchase Order Automation

A purchase order begins life as a purchase request. When you create a new purchase request, you specify the vendor you’re ordering from and the location you want the merchandise shipped to, as well as other details, including the shipping method and free on board (FOB) destination.

 

Add the items you’re ordering, including the quantity, unit, and unit cost, or use the purchasing worksheet to add multiple items to the purchase request simultaneously.

When you post a purchase request, it’s converted into a purchase order – which you can print or send to the vendor via e-mail – and on-order quantities are automatically updated.

Receivers

Receive merchandise with or without a purchase order. During receiving, you can retrieve purchase orders by PO number, vendor, or any other criteria. You can receive each PO in full or receive only selected items, back-ordering or canceling unreceived lines.

You can even add new lines to a receiver to account for additional merchandise that was shipped with an order. If your vendors supply electronic receivers, you can import quantities for received items using your item numbers or theirs.

Miscellaneous Charges

Each purchase order or receiver can include up to five miscellaneous charges, which can be included in the landed cost, to cover freight, handling, or other vendor fees. Each miscellaneous charge can be allocated based on the weight, quantity, cost, or cubic volume of the items you ordered or received.

By POS Highway Staff | July 24th, 2023 | eCommerce | 0 Comments

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