Purchasing is the function of buying goods and services from external sources in an organization. The Purchase department initiates the function as and when required. Purchase Management is a process that tries to streamline the purchase function of an organization by defining a workflow.
The purchase module is closely integrated with the inventory. One can configure the vendors and their products along with the prices. The purchase process starts with a purchase request and ends when the item is purchased or reaches the requester. The various statuses and steps involved in a purchase process (Purchase Workflow) are: