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Streamline Your Procurement Process with Sparrow ERP

As a purchasing manager, you know that the procurement process can be complex and time-consuming. From sourcing items to getting offers from suppliers and comparing prices, there are many steps involved. However, with Sparrow ERP, you can streamline your procurement process and make it more efficient.

In Sparrow ERP, procurement is the process of acquiring stock for the fulfillment of Sales Order. In a Source and Sell scenario, this is done by sourcing your items from suppliers and offering them to customers with a margin. Let’s take a closer look at how this process works.

Generating Procurement

Procurement is initiated by clicking the Generate Procurement button in either Sales Quotation or Sales Order. When you click on that button, a popup will open with a list of items selected for procurement. On top, you will see the dropdown of suppliers, from where you can select one or multiple suppliers. Select the suppliers and click on the Create Procurement button.

That will result in two Purchase Inquiries for two selected suppliers. These Purchase Inquiries will be visible within the Sales Quotation in the Purchasing tab. At the same time, these inquiries will be visible in the Purchasing section too, so that the Purchase team can send them to the supplier for getting offers.

Comparing Prices

Once you have received offers from suppliers, you can start comparing prices. To do that, click on the Compare button. That will open the comparison screen with prices from two suppliers. On this screen, you can visually compare the prices by two suppliers and choose the best offer for each item.

Updating Records

On click of the Update Records button, the system will update sales quotation’s unit prices by adding a margin to the supplier’s offer price. In addition, the system will also update individual Purchase Inquiries by removing items not selected from the supplier during the comparison process.

The margin % added to the sale price can be managed from Sales Settings. This allows you to adjust the margin percentage to meet your business needs and ensure profitability.

Conclusion

With Sparrow ERP, you can simplify your procurement process and make it more efficient. From generating procurement to comparing prices and updating records, everything can be done in a few clicks. This not only saves you time but also ensures accuracy and profitability. Try Sparrow ERP today and take your procurement process to the next level.

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5 Tips to Make Your Manufacturing Supply Chain More Efficient

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In today’s fast-paced business world, manufacturers need to operate efficiently and streamline their supply chains to stay ahead of the competition. Improving your supply chain can be challenging, but it can also give you a competitive edge. Doing so requires an in-depth assessment of your current processes and identifying areas for improvement. It also requires a lot of planning and resources. Fortunately, there are many ways you can improve your manufacturing supply chain while minimizing any downsides or negative effects on other aspects of your business. Here are 5 tips that will help you optimize your manufacturing supply chain:

Make the most of your supply chain partners

Supply chain partners can help you stay more innovative and efficient. They may also help you achieve quicker time to market, greater supply chain visibility, and cost savings. Before you begin any new partnerships, it’s important to examine your current suppliers. Are they providing the best services for you and your manufacturing business? What can you do to improve your overall partnership with them? If you’d like to add new partners to your supply chain, make sure you thoroughly vet them to ensure they’re a good fit for your company. Here are a few ways to make the most of your current supply chain partners: – Improve communication and collaboration – Your supply chain partners can help improve communication and collaboration across all departments in your organization. They can also improve communication and collaboration between your company and your customers. – Make sure everyone has the right incentives – In order to achieve the best results, all supply chain partners should have the right incentives. They should be rewarded for helping you achieve your business goals.

Leverage technology

With growing advancements in technology, manufacturers can now more easily connect with customers and suppliers across the globe. However, manufacturers must still ensure that they’re leveraging technology in the best possible way to keep their supply chain up to date with the latest advancements. Here are a few ways you can leverage technology to improve your supply chain: – Use enterprise resource planning (ERP) software – ERP software can help you manage your supply chain and manufacturing operations. It can also help you collaborate with your suppliers and customers in real-time. – Adopt cloud-based technology – To ensure you’re optimizing your supply chain, make sure you’re using cloud-based solutions that can easily integrate with your current technology. This will help you achieve real-time visibility and easily manage collaboration across the supply chain.

Streamline operations

To streamline your operations, make sure you’re taking a holistic approach to managing demand, inventory, and supply. You should also be transparent with your partners and customers. This will help you stay connected to the latest trends and best practices in supply chain management. When choosing new vendors and service providers, make sure they have experience in the supply chain and logistics industry. Here are a few ways to streamline your operations: – Make sure all of your operations are connected – Ensure that your supply chain operations are connected with your customer service operations. This will help you stay connected and up-to-date with real-time data. – Provide transparency to all supply chain partners – Make sure you’re transparent with your supply chain partners. This will show them that you respect them and value their input. It will also help you avoid miscommunications.

Establish a lean supply chain

To establish a lean supply chain, you must first map and analyze your current supply chain. This will help you identify inefficiencies and create a business case for change. Then, create a roadmap for change and develop a strategy. Here are a few ways to establish a lean supply chain: – Identify areas for improvement – Start by identifying areas that could use improvement, such as lead times or inventory levels. – Optimize the supply chain – Then, optimize the supply chain to achieve your desired outcomes. – Put in place an action plan – Finally, put in place an action plan and follow through with it. This will help you achieve real results.

Establish a continuous improvement culture

To establish a continuous improvement culture, you must first create a lean supply chain and identify areas in your supply chain that will continue to drive continuous improvement. Here are a few ways you can do this: – Create a continuous improvement team – Create a continuous improvement team that will meet on a regular basis to identify areas that require improvement. This team should include representatives from all areas of the supply chain. – Conduct continuous improvement audits – Conduct continuous improvement audits to identify areas that need to be improved. This will also help you identify how your team is working to improve the supply chain.

Conclusion

Many manufacturers focus on production and sales, but these departments can also benefit from improved supply chain operations. There are many ways you can improve your manufacturing supply chain, such as by making the most of your current supply chain partners, leveraging technology, streamlining operations, establishing a lean supply chain, and establishing a continuous improvement culture. When you improve your supply chain, you will also likely improve the efficiency of other departments.

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