What is purchase management?

Purchase management covers all activities related to a company's procurement: supplier selection, issuing purchase orders, receiving goods, checking supplier invoices, and managing returns. A well-structured purchasing process reduces costs and secures supply chains.

Purchase Management Best Practices

• Supplier referencing: Building a panel of qualified suppliers.
• Purchase order: Official document committing the company to the supplier.
• Invoice/receipt reconciliation: Automatic verification of quantities and prices.
• Deadline tracking: Alerts for late deliveries.

Read our article on optimizing purchases and supply chain management. The purchasing module of GestiumERP automates this entire cycle.