The purchase order page on Bright Market facilitates the management of procurement by handling purchase orders to suppliers.

This platform section allows you to oversee existing purchase orders, evaluate their impact on inventory levels, manually initiate new orders, and receive suggestions for optimum orders to place.

The primary goal of this page is to maintain ideal inventory levels, ensuring there is no overstocking or understocking, thus preventing stock outs, lost sales, and excessive storage costs.

To access this page, on the Bright Market site, go to Purchases > Purchase Orders.

<aside> 💡 An optimum order in Bright Market refers to a purchase decision that is considered ideal based on several factors, such as current stock levels, forecasted demand, supplier lead times, and cost considerations. This order maximizes efficiency by ensuring adequate inventory levels without overstocking, minimizing costs, and aligning purchase timing with predicted sales peaks.

Optimum orders are calculated using data analytics to predict market demand accurately and to suggest the most beneficial products and quantities to be purchased at the right time.

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Orders table

replace screen capture once purchase orders have been added.

The main table displays the manual and recommended purchase orders, including the following information:

• Supplier: This column shows the name of the supplier from whom the products are being purchased. It helps in tracking orders by vendor and managing supplier relationships.
• Destination store/warehouse: This indicates the store or warehouse where the ordered items will be delivered. This information is crucial for logistics planning and ensuring that products are sent to the correct location.
• Creation date: The date when the purchase order was created. This helps in tracking when the order was initiated and managing timelines.
• Estimated delivery date: This column displays the projected date when the goods are expected to arrive at the designated store or warehouse. It is essential for inventory planning and ensuring readiness for receiving the goods.
• Status: This indicates the current state of the purchase order. The options are:
  • Draft: The order has been initiated but not finalized or sent to the supplier.
  • Generated: The order has been finalized and sent to the supplier.
  • In Transit: The goods are on their way to the destination.
  • Completed: The goods have been received and the order is fully processed.
• Mode: Specifies whether the order was created manually by a user or suggested automatically by the system. This helps in distinguishing between user-driven procurement and system-generated recommendations, facilitating an evaluation of the decision-making process.
• Análisis: Indicates the efficiency of the order:
  • Optimal: The order is considered ideal based on current stock levels, demand forecasts, and other factors.
  • Inefficient: The order may not align well with demand forecasts or current needs, potentially leading to overstock or understock situations.
  • This is visually represented by a traffic light system (semaphore) where green signals optimal, yellow signals caution, and red signals inefficiency.

Table Filters