Material Requests and Procurement
Managing Purchase Receipts in iVendNext: A Step-by-Step Guide
Overview This article gives you an overview of creating, managing, and troubleshooting Purchase Receipts in iVendNext. 1. What is a Purchase Receipt? A Purchase Receipt is a document that: ✔ Confirms physical receipt of goods from a supplier. ✔ ...
Stock Received but Not Billed: Understanding the Accounting Impact
Introduction In procurement, goods often arrive before the supplier's invoice. iVendNext handles this through "Stock Received but Not Billed" (SRNB), a critical accounting mechanism that ensures accurate financial reporting while maintaining ...
Automating Material Requests
Overview iVendNext prevents stockouts and overstocking with automated MRs based on reorder levels. This guide explains how to configure reorder levels, automate procurement, and prevent stockouts efficiently. 1. Why Automate Material Requests? Manual ...
Procurement Workflow
Overview iVendNext streamlines inventory procurement with a structured workflow — from Material Request to Purchase Receipt. This article explains the end-to-end procurement process in iVendNext. 1. Overview of the Procurement Workflow The ...
Understanding Material Requests
Overview This article gives you an overview of Material Requests (MR) in iVendNext, a key feature for managing inventory and procurement. 1. Purpose of Material Requests Material Requests serve several purposes in iVendNext, depending on the nature ...