It is a business technique which fully focuses on the practical application of sales techniques & the management of a firm's sales operations. It contains several modules, which are discussed below....
It deals with the preparing the list of goods or items for the different departments of an inventory, After checking the inventory the respective department head will prepare the Indent list and ask for Quotations from different suppliers.Quotation to Order:
It is clubbing of all indented items based on price listing of the requested items or goods ,handed over to the organization from different suppliers.Order to Invoice:
It’s a bill or a commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities and agreed prices for products or services the seller has provided the buyer.. Direct Invoice:
Direct invoices are created for direct sales. With direct invoices, it is assumed that the goods are delivered immediately, thus the processing of direct invoices reduces the stock in your inventory.Blanket Orders:
A blanket order is a purchase order that the customer makes with its supplier which contains multiple delivery dates over a period of time, usually negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring need for expendable goods.Stock Allocation or Reserves for Customers:
Stock Allocation means taking out some goods or products from the inventory and allocating or reserving it for certain customers. It includes negotiation of terms and conditions and compliance with the terms and conditions, as well as documenting and agreeing on any changes that may take place during its implementation or execution.
“Reports” module helps in generating reports pertaining invoices of sales and purchase. This could range from a simple orders list to more sohisticated reports such as top selling items.