Supplier Essentials
Supplier doctypes in ERPNext are the set of necessary documents and records that allow managing suppliers in an appropriate way. All these doctypes are inclusive of any type of relationship with the suppliers, including registration and compliance, as well as transaction and payment. Having the right and up to date suppliers records enables the companies to facilitate the procurement; to minimize risks and to improve, as well, the relationship with suppliers.
Supplier doctypes enable you to:
- Store and maintain supplier information such as addresses, contact names, tax IDs and terms of payment.
- Track supplier performance, price history and earlier purchases.
- Be tax and regulation compliant, keeping related documents on file.
- Easily integrate suppliers with purchasing transactions, accounts and stock.
- Start by automating procurement processes, approvals and payments from supplier records.
Companies are able to manage cost and build long-term supplier relationships by using the suppliers doctypes to the best advantage through efficient, transparent and timely procurement processes.