Since the customer, size, type, and volume of materials required for each job often dictates the method by which you will acquire stock, Prophet 21 allows you to choose between header and itemised purchasing methods to ensure that you meet both your company and your customers' needs.
Capabilities
- Multiple purchasing methods
- Customised billing methods
Benefits
- Improve customer service
- Manage inventory levels
- Eliminate excessive stock
- Coordinate purchasing, pricing, delivery, and accounts receivable
Header purchasing allows you to create a purchase order where one manufacturer provides the material in a lump sum, which in turn becomes the lot you sell. After entering the price and shipping costs into Prophet 21's order entry module, you can choose to either ship the lot directly to a customer's job site, or have the material sent to your warehouse to be delivered at a later time.
Itemised purchasing allows you to purchase from your manufacturer and ship to the customer in much the same way as you would in header purchasing, but rather than sell the items as a single lot, you can split the lot into multiple orders and change prices accordingly. Additionally, itemised purchasing can allocate items from the manufacturer's lot into separate lots to distribute to customers who require the same product.
Nested Lot Billing
Nested lot billing allows you to customise the structure and cost of the lot when serving customers whose needs require you to purchase items from multiple manufacturers. When placing orders with multiple manufacturers to build a lot, Prophet 21 will not complete the lot until all of the material has arrived at your warehouse. Once you have received each purchase order, the items are pooled together and the lot is formed. The actual price of the lot is not calculated until this point, which enables you to not only bill your customer for each manufacturer's material costs, but also their shipping and handling rates as well.
Front-Loaded Lot Billing
Front-loaded lot billing allows you to arrange a scaled pricing schedule in which the customer pays more for the first phases of material and less for the latter, so you can cover the manufacturer's material and freight costs in the first stages, and then focus on covering your company's preferred profit margin.
For more information on Activant's enterprise software solutions, please fill out our Web Contact Form.
Back to Top
