Procurement Management Systems is an important starting link to enterprise business to automate online purchase processes for material, machinery and services. All resources are procured under these processes from registered vendors. Groups categorized under child procurement and parent accounting groups drive separate internal processes for each of asset, service, raw material consumable or incorporated etc. Source of indent, type of Goods or Service and nature of purchase establish a fact that how an item/resource being procured and thereby makes an indirect meaning for transaction to be processed and pushed to accounts that finally transforms into inventory or otherwise.
AEC Procurement Management System