Core Buying
Creating and Managing Purchase Orders
Overview This article outlines the steps to create and manage Purchase Orders in iVendNext, to help retailers streamline the procurement process. 1. What is a Purchase Order? A Purchase Order is a legally binding document that formalizes the ...
Handling Purchase Receipts and Stock Updates
Overview This article outlines the steps to create and manage Purchase Receipts and update stock levels in iVendNext. 1. What is a Purchase Receipt? A Purchase Receipt is a document that confirms the receipt of goods from a supplier. It serves as ...
Invoice Booking and Payment Entry
Overview This article will guide you through how to book invoices and record payment entries in iVendNext. 1. What is Invoice Booking? Invoice Booking is the process of recording invoices from suppliers (for purchases) or customers (for sales). It ...
Stock Reconciliation: Keeping Physical and Book Stock in Sync
Overview This article outlines the steps to perform Stock Reconciliation in iVendNext. 1. What is Stock Reconciliation? Stock Reconciliation is the process of comparing the physical stock count with the stock recorded in your system. It involves ...
Automating Material Requests and Purchase Orders
Overview This article gives you an overview of automating Material Requests and Purchase Orders in iVendNext to streamline procurement. 1. What is Automation in Procurement? Automation in procurement refers to the use of software tools to streamline ...
Managing Taxes, Charges, and Discounts
Overview This article outlines the steps to manage taxes, charges, and discounts in iVendNext, to help you streamline your financial records. 1. Understanding Taxes, Charges, and Discounts 1.1 Taxes Taxes are mandatory financial charges imposed by ...
Understanding Payment Terms and Conditions
Overview This article explains how to set up and manage payment terms in iVendNext to support strong financial relationships with suppliers and customers. 1. What are Payment Terms and Conditions? Payment Terms and Conditions are the agreed-upon ...
Supplier Quotation Management
Overview This article outlines the steps to create, manage, and compare Supplier Quotations in iVendNext. 1. What is a Supplier Quotation? A Supplier Quotation is a document provided by a supplier that outlines the cost and terms for supplying goods ...
Create and Manage Material Requests
Overview This article outlines the steps to create and manage Material Requests in iVendNext. 1. What is a Material Request? A Material Request is a document that identifies the need for specific items (products or services) within an organization. ...
Understanding the Core Buying Process
Overview This article explains the key steps of the iVendNext buying process to help you use the system smoothly. 1. Material Request: Initiating the Procurement Process The buying process in iVendNext begins with a Material Request. This document is ...