In the dynamic world of retail, efficient procurement processes are crucial for maintaining a competitive edge.
Important Features of Requisition Management Solution
Manage Requisitions from Several Stores and Departments
Efficiency begins with centralized control. The Requisition Management system in NAV allows retailers to seamlessly manage requisitions originating from various stores and departments. This centralization promotes better visibility, control, and coordination across the entire retail network.
Assign Vendors to Lines / Items
Assigning vendors to specific lines or items becomes a breeze with NAV’s intuitive interface. This feature ensures that each product is sourced from the most suitable vendor, optimizing costs and maintaining product quality.
Flexibility is key, and NAV’s Requisition Management system allows users to split lines as needed. This feature is particularly handy when dealing with complex orders or sourcing products from multiple vendors for a single requisition.
Ship from the Distribution Center
Efficient distribution is crucial for timely deliveries. NAV enables retailers to streamline the shipping process by allowing products to be shipped directly from the distribution center, minimizing delays and reducing logistics costs.
Purchase from Vendors
Seamless integration with vendor management ensures that the procurement process is streamlined. Retailers can easily initiate and manage purchase orders directly from the requisition system, reducing manual errors and accelerating the procurement cycle.
Price History of Previous Purchases
Access to historical price data empowers retailers to make informed decisions. NAV’s Requisition Management system keeps a comprehensive record of previous purchases, providing insights into price trends and helping retailers negotiate better deals.
Price Comparison and ETA Across Vendors
In the competitive retail landscape, price comparison is critical. NAV enables retailers to compare prices across vendors, ensuring they secure the best deals. Additionally, retailers can assess estimated time of arrival (ETA) from different vendors, aiding in inventory planning and management.
Send Requisitions to Vendor Portal for RFQ / Bidding
NAV takes collaboration to the next level by allowing retailers to send requisitions directly to the Vendor Portal for Request for Quotation (RFQ) or bidding. This feature promotes transparency and competition among vendors, ultimately benefiting the retailer.
Create POs in Business Central
By enabling seamless conversion of requisitions into purchase orders (POs) directly within the Business Central environment. This integration streamlines the procurement process, reducing manual efforts and minimizing errors.
Microsoft Dynamics 365 Business Central’s