Basic Reports

Yes, procurement software can help solve some of the procurement issues faced by small businesses. Procurement software is a type of software that helps organizations streamline and automate their purchasing processes. It can provide a number of benefits to small businesses, including:

Purchase Order Report:

This report shows all purchase orders created within a specified time period, including details such as the order number, vendor name, items ordered, quantities, and prices.

Invoice Report:

This report provides information on all invoices received from vendors, including the invoice number, vendor name, amount, and date of receipt.

Payment Report:

This report shows all payments made to vendors, including the payment date, amount, and payment method.

Delivery Report:

This report provides details on the delivery of goods or services ordered, including the date of delivery, quantities received, and any discrepancies between the order and delivery.

Inventory Report:

This report provides an overview of inventory levels, including the quantity of each item in stock, reorder points, and lead times.

By using basic reports in a procurement portal, stakeholders can gain insight into the procurement process and make informed decisions. These reports can help to identify inefficiencies, track performance, and improve communication between buyers and vendors. Overall, basic reports are a crucial component of effective procurement management.