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Supplier Master

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Retail Business procure goods from Vendors/Suppliers. You can create one or more vendors using Supplier Master flow. You may note the following features.

  1. Supplier can be activated or de-activated.
  2. Supplier can be associated with specific products. In other words, we can release PO only after vendor's products are validated.
  3. Supplier can have both Billing Address and Pickup addresses.
  4. Can be set min supplier quantity and/or supply value.
  5. You can also rate the supplier.

The following fields are important for creating Supplier Master.

1

Firm Name: Vendor's business entity name. It is mandatory field. For example, Zoom Trading Pvt Ltd can be the name of the supplier.

2

Email ID: Official Email ID of the supplier.

3

Phone: Official phone number of the supplier.

4

Lead Time: The min days/hours it takes to supply the goods after placing the Purchase Order. Less the lead time, better for the Inventory management.

5

Min Order Cost: Vendor may not supply the goods worth below this value.

6

Min Order Qty: Vendor may not supply the goods below the quantity mentioned here. For example, a Vendor may not supply less than 100 KG od Sugar.

7

GSTIN Number: This is nothing but Tax registration number. It optional field. Business may have cases where some of the small suppliers are not registered. This value is important because it has to be printed with several documents including PO.

8

Product Restriction: When this Field is set 'Yes', we cannot place Purchase Order (PO) for the products unless the products are listed under his/her supply products. When it field is set 'No', we can order for any product or submit GRN for any product.

9

Return Days: No of days before which goods/products can be returned to supplier back. The reason can quality or any other reason. This depends on the agreement/consensus between vendor and Retailer.

10

Mark down: Percentage of the procured product cost that has to be reduced while returning the products/goods to vendor. Depends on the Vendor Terms & Conditions, Vendor may not take products back at the same value that he/she supplied.

11

Address: By default, address fields at the beginning of the Supplier Form is considered to be Corporate Address. However, using address section at the bottom can be used to create Delivery and Billing Addresses. A Supplier may have more than one Delivery Addresses from where goods/products are shipped.

12

Supply items/Products: You can assign the products from master data to the supplier/vendor. For example, you can add a product called 'Colgate Paste 150 GMS' for a supplier called Victory Trading LLP. Before adding as product supplier's products list, it must be added to products master data of Warehouse.

Note: You can also import supplier's data using Data Management --> Import functionality.