Overview About Purchase And Sales Order In ERP

The whole cycle will work in two phases:

Purchase Order:

*Create a supplier
*Create a purchase order
*Receive product in Warehouse
*Create a Purchase Invoice

Sale Order:

*Create a Sales order
*Pack the product
*Invoice the customer
*Receive the Payment

Purchase Order

Firstly a supplier is a setup through which a product is bought, the supplier can add it's agreement and this agreement is further added while creating the purchase order using this supplier.Through Purchase Order vendor can create the order, add the product, can edit the quantity of the product, the vendor can also add the agreement.Creating purchase order is the most important part of ERP from here vendor got to know the quantity of the product in the warehouse.The vendor can create its terms.On the basis of the product types invoices can be generated through the purchase order.
Another aspect came from purchase order is Inventory.This is also the crucial part because all products are kept in the warehouse only.
Third and last part is the purchase invoice which is created after the purchase order is created.

Sales Order

Sales Order has to be created for the customer.Through the Sales Order, a customer gave their order.Through Sales Order customer can add a different type of products, different promo codes can be applied to the customers.Once the product is selected then shipping and payment option came.There are many ways through which customer can pay the order, through offline methods or through credit card/billing account.
When Product is created then it again goes to the Warehouse for Packing.In Warehouse product is packed and then delivered to the respective address.
Once a product is packed then it's invoice is also generated.After the invoice is created then this invoice has to be paid.There are different ways through which invoice can be paid like through Credit Card, Receive Payment etc.

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