Get the most from purchasing and inventory management
Enable faster and better decisions on products to meet highly variable and individualized customer requirements with HYP purchasing and inventory
What is an enterprise purchasing and inventory system?
HYP ERP purchasing and inventory management simplifies your logistics needs and procedures. From inventory management, material valuation, procurement and much more.
Transferring material stocks from one place to another in a few simple steps and in real-time. Fully integrated with sales and distribution, finance and supplier portal. Making it much more robust and sustainable
Maximize perfect order fulfillment and minimize logistics costs to business
why is HYP purchasing and inventory a must for my business?
With HYP you will get secure access to your vendor portal, optimized inventory control and stock visibility, easy maintain and transportation schedule, and improved distribution management and business intelligence.
we are always up-to-dat, purchase and inventory are no different.
Purchasing and inventory are some of the most prominent and significant fields of any business industry, you need to stay up-to-date in trends and technologies and up-skill accordingly.
It’s integrated with customer and vendor portal
Finally you can get rid of all invoices pile. HYP purchasing and inventory system is ready integrated with a separated portals, for vendors and customers. Each of your customers/vendors can check their account statement, invoices, quotations and more.
How is the accounting system giving additional value to your business?
HYP purchasing and inventory goes far beyond a common logistics system.
Learn more about what functions does HYP purchase and inventory handles, and get to know the power of some of each sub-module in the enterprise system.
Inventory dashboard
HYP Dashboards are useful for monitoring, measuring, and analyzing relevant data, check your stock value wise, physical inventory wise, value wise transaction, item moving, fast moving items and more per each of your companies.
Procurement dashboard
This dashboard is relevant to each business owner, it will show a comprehensive overview of data from top spending by suppliers, top count P.O wise vendors, P.O values, top spend wise materials and more. this can be taken for each company separately.
Suppliers notifications and RFI
A request for information (RFI) is document aiming to collect information about suppliers and their capabilities. This is done to influence the buyer’s purchase decisions. this RFI is sent to potential suppliers to create a database, develop a strategy, and prepare for a request for quotation.
Purchase Requisition
This is a document filled out by a user, requesting that the purchasing department obtain certain goods or services. The form includes information about the nature and amount of the items to be acquired, and when they are needed.
Request for quotation
RFQ is just one of many helpful HYP documents. A request for quotation or quote is a document that details a buyer’s requirements and asks vendors to respond with pricing and payment terms.
Quotations
A quoted price is the last price at which a trade took place. This is the lowest price at which the holder of a security is willing to sell it. from this sub-module user can manage all quotations by selected vendors.
Purchase orders
A quoted price is the last price at which a trade took place. This is the lowest price at which the holder of a security is willing to sell it. from this sub-module user can manage, release force, release, cancel purchase orders and more.
Beginning inventory
Beginning inventory is the recorded cost of inventory in a company’s accounting records at the start of an accounting period. it’s the recorded cost of inventory at the end of the immediately preceding accounting period.
Goods receipt
A Goods Receipt is a document issued to acknowledge the receipt of the items listed in it. This can be done with purchase order or without a purchase order. The goods receipt also covers the return from customers or consumption.
Goods issue
A goods issue is the removal movement of goods or materials out of the warehouse. In short, it means the issuing of goods or materials from the warehouse to the customer or vendor, it reduces the number of stock in the warehouse.
Stock transfer
Stock transfer refers to the process of transferring goods from a particular store to another. this stock transfer can be done with a request from one side to the other. stock transfer covers also the stock type transfer.
Material destroy/destruction
This is the process where some materials are wasted, due to many reasons as date expiry, broken, polluted or any other. All these materials can be issued in a document to be reduced from the stock.
Costing and average cost
Average cost is the cost per unit manufactured in a production run. It represents the average amount of money spent to produce a product. This amount can vary, depending on the number of units produced.
Assemble and disassemble
This operation is similar to manufacturing process where materials are withdrawn from the warehouses and the quantity of the assembled item is then entered to the warehouse.This same scenario goes for disassembly.
Physical inventory
It’s actual count of the goods in stock. This can involve counting, weighing, and otherwise measuring items. If a business is maintaining inventory records for each item in stock, then these counts are compared to the recorded balances; the recorded amounts are then changed to match the physical counts.
Purchase requisitions
This is a document filled out by a user, requesting that the purchasing department obtain certain goods or services. The form includes information about the nature and amount of the items to be acquired, and when they are needed.
Materials requisitions
A material requisition form lists the items to be picked from inventory and used in the production process or in the provision of a service to a customer, usually for a specific job.
Material inquiry
This form is a detailed view for a specific material, showing the stock details, purchase orders, sales invoices, material requisition, purchase requisition, POS transaction (in case of ready integrations with HYP retail)
Material list inquiry
This form gives the user a full details about the list of materials, like units, stock quantity, status, current average, costing (upon F.C and L.C) and more.
Material movement
This form is responsible for the movement, protection, storage and control of materials throughout manufacturing, warehousing, issue, receiving and destroy.
Sales invoices
A sales invoice represents revenue that your company has earned. Using the accrual method of accounting, which treats a sale as income even before you have actually been paid for it.
Credit Notes – Sales returns
A credit note, is a financial document that seller issues to indicate a reduction in the amount that needs to be paid whenever there is an invoice mistake, problems with damaged goods, or a purchase cancellation.
Receipt vouchers
The receipt voucher is used to record the cash or bank receipts of a company. It shows an inflow of funds in the business.
Receivable Journal Voucher
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