Purchasing and Inventory

WrkPlan Purchasing and Inventory module efficiently manages procurement, inventory processing, and indirect purchases such as office supplies. These activities are supported by a web portal that allows requests to be submitted and approved from almost any location.

The optional Purchasing and Inventory module includes the following key functions:

The entire process from requisition generation to PO submission can be completed in minutes.

  • Purchase Requests

    • Requisitions can be submitted via the web portal.
    • Approvals follow the same workflow as timesheets.
    • No office presence required for submission or approval.
    • Track requisition status in real time.

  • Request for Quotes (RFQs)

    • Generate RFQs for multiple vendors.
    • Email RFQs directly from the system.
    • Store vendor responses for audit compliance.
    • Select vendors and auto-populate PO details.

  • Purchase Order

    • Create and email POs directly from the system.
    • Generate POs from approved requisitions or RFQs.
    • Minimize manual steps.
    • Automatic notifications for all participants.
Purchasing and Inventory

Inventory Tracking

The software tracks inventory items, quantities, and costs in real time using FIFO, LIFO, or average cost methods. Multiple warehouse locations can be defined, along with minimum stock levels and reorder quantities to optimize purchasing efficiency.