Purchased parts, sometimes referred to as raw materials, usually serve as cornerstones within the bigger picture. Availability, by definition, goes hand in hand with maintaining stock. If the case is not a $1 screw, but a $50K OEM computer, it is likely you wouldn’t want to keep too many in the stockroom. On the other hand, key elements that govern your availability, such as supplier delivery time, supplier availability and even obsolescence, are uncertain. Multiply this over numerous purchased parts and you’re faced with a dicey situation.
Evidently, it is imperative to ensure the availability of purchased parts, nevertheless, there are challenges in achieving this. Symphony procurement solution deals with two environments of purchased parts, fast movers and slow movers, covering the entire types-span, striving to ensure the availability of both.
Symphony provides the user with the tools to manage the procurement process of Purchase to Stock (PTS) and Purchase to Order (PTO); from the very first phase of ordering, all the way through to the arrival of the goods at site.