Retail · Industry Solution
Procurement for Retail
In retail, having store, e-commerce and wholesale channels meet in a single stock pool requires functions to work with accurate, real-time, channel-agnostic data. Digitize your supply process from start to finish and lower your costs, from purchase requisition to quote and order, and from quality policies to inventory and finance integration.
Retail context
Why Procurement works differently in Retail
In Retail, omnichannel retail center on sector-specific concepts such as SKU management, store-e-commerce-wholesale channel, price and campaign. In retail, having store, e-commerce and wholesale channels meet in a single stock pool requires functions to work with accurate, real-time, channel-agnostic data.
Qera ERP's Procurement module is set up around how the retail sector works: Manages supply by sales velocity and campaign plan to reduce shelf gaps and overstock.
- When store, online and wholesale stock is kept separately, the same product sells out in one place while sitting idle in another.
- When campaigns, discounts and price changes are updated by hand across channels, inconsistency and errors appear.
- When customer purchase history is scattered, loyalty and repeat-sale opportunities are missed.
Capabilities
How Qera Procurement works in Retail
The core capabilities of the Procurement module, described for the SKU and sales channel needs of the retail sector.
Purchase requisitions
Create requisitions from departments or from inventory in the system, so the process starts in an orderly way.
Quote and order management
Create and track quotes and purchase orders within the module; each is recorded in detail with its number and status.
Policy and quality control
Guarantee product-service quality and supplier compliance with defined policies; ensure policies are applied throughout the process.
Inventory integration
Approved orders send information automatically to the relevant inventory modules; warehouse receipts update instantly and stock tracking stays accurate.
Financial integration
Incoming invoices are transferred directly to the finance module and payment processes begin; accounting records are kept fast and accurate.
Reporting
Base your decisions on purchase requisition reports, supplier performance reports and cost trend analyses.
Outcomes
What it delivers for your Retail business
What you see in retail operations once it is set up properly.
- Requisitions, quotes and orders are tracked in one system, so goods are bought on time and at a compared price.
- Every step from requisition to invoice is recorded, so you can see where each order is waiting.
- Approved orders post to inventory and incoming invoices to finance automatically, with no manual entry.
- Supplier performance and cost reports let you negotiate with data.
Explore further
Related pages
Full details of the Procurement module, the Retail sector page and other Retail solutions.
Let's plan Procurement for Retail together
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