Purchase system is an inventory to be maintained to monitor when to buy and how much to buy. By this tracking of number of goods available in stock and the company's overall inventory levels can be known. A software can help for purchasing order, managing orders and invoices, keeping the list of suppliers, updating stocks, accurate maintenance of records and forecasting future expenses. Types includes stockless, in which the supplier holds the items ordered by the customer. Blanket order is the type where small orders are placed on a day-to-day basis. E-purchasing is buying online via internet. Rate contract method is by providing certain parameters purchase and sales. Capital equipment purchase is a type where purchasing of system is done which needs high capital. Overall, the PS can control the business spending on goods and services in a large scale. Be sure in paying reasonable prices for stock. Let's analyze the topic in detail, please have a look into the PowerPoint presentation.

Vidya V

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