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what is procurement

By
sambath
on 8/4/15, 1:11 AM 1,013 views

I am beginner,  i came across the word called procurement in odoo  so plz explain me

 

6

Emipro Technologies Pvt. Ltd.

--Emipro Technologies Pvt. Ltd.--
Tiny ERP Pvt Ltd
http://www.odoo.com
5975
| 6 7 8
Rajkot, India
--Emipro Technologies Pvt. Ltd.--

Being an emerging leader in IT market since 2011, Emipro Technologies Pvt. Ltd. has been providing a wide range of business solutions in Odoo & Magento. We are pleased to have a large pool of contented customers with our meticulous work in the domain of ERP & e-Commerce. A ray of relief & satisfaction to  our customers heart by our successful deployment in their organization, purely represents our success in Odoo platform. Hence, we take pride for being an Odoo partner with a vision of expanding our strategic alliances with our customers to offer them high value-added, trustworthy & cost effective solutions.

 

Since establishment, our business has span across 11 countries of the world. Our customers are companies of all sizes ranging from start-ups to large enterprises, who realize that they need a professional business solutions to generate revenue streams, establish proper communication channels or streamline business operations. Standing with strong determination of customer satisfaction, observing each minute detail of their business processes, providing proper guidance and moving forth to develop product accordingly adds our value and reliability among our customers. 

 

We are blessed with efficient, passionate & eclectic young developers who have come across almost all kinds of business profiles, working with full dedication, applying creativity & new features in existing modules and completing customer's projects successfully on predefined target. Our in-depth knowledge while giving business solutions in Odoo allows us to offer following services to our customers :

 

  • Consulting
  • Installation, Configuration & Customization
  • Training & Support
  • Maintenance
  • Upgradation
  • Documentation
  • Crafting community modules
  • Drafting videos on demand
  • Smart Apps development

We will be :) to welcome you @ www.emiprotechnologies.com to solve any kind of your business needs around Odoo. However we are just an inch away from you by email info@emiprotechnologies.com or a tweet to @EmiproTech

Emipro Technologies Pvt. Ltd.
On 8/4/15, 1:38 AM

Hello Sambath,

In the simple meaning, Procurement is "The action of obtaining for required products".  On confirming Sale Order or checking minimum stock rules for replenishment, a demand of stock will be generated. So procurement is the process to prepare and process on that demand.  

Procurement is the central place where system decides what to do against demand. Whether to purchase or to produce upon product's routes. The process of procurement is often part of a company's strategy because the ability to purchase certain materials will determine if operations will continue or not. A business will not be able to survive, if it's price of procurement is more than the profit it makes on selling the actual product.

In a nutshell, Procurement = Acquisition process to obtain required materials.

Example : Once you confirm Sale Order some of the Qty may go for purchase to supplier and some of the products may go for to production department. ( In case of if those are not available in Stock ) At procurement, system look for verify the stock & product supply methods in order to make them available and reserve for an Order.

Hope it is cleared now  !

1

Ermin Trevisan

--Ermin Trevisan--
3546
| 6 3 7
Walchwil, Switzerland
--Ermin Trevisan--


Ermin Trevisan
On 8/4/15, 1:30 AM

This is a regular business term and not an Odoo specific term.

There is a Google function:

Enter define:procurement in the search bar and you get the following result:

https://www.google.ch/search?q=define%3Aprocurement&oq=define%3Aprocurement&aqs=chrome..69i57j69i58.7099j0j8&sourceid=chrome&es_sm=93&ie=UTF-8

 

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Asked: 8/4/15, 1:11 AM
Seen: 1013 times
Last updated: 8/31/15, 10:29 AM