Purchasing Management Software Definition

Purchasing management software is a type of enterprise resource planning (ERP) software that helps businesses streamline their purchasing processes and manage their supplier relationships. The software typically includes modules for purchase requisition, purchase order, supplier management, and contract management.

Purchasing management software can help businesses automate their purchasing process, from creating requisitions to issuing purchase orders and tracking delivery. The software can also help businesses manage their supplier relationships, by keeping track of supplier performance, negotiating contracts, and managing payments.