Buying is an essential part of any business. Whether as an organisation you’re buying production materials, equipment or utilities that your organisation needs, Buying almost always needs to be streamlined and set up before any selling process.

And when we talk about suppliers, a supplier is any company or an individual that provides you with any products or services.

It is important to maintain correct and complete data of transactions with suppliers. This will help you maintain relationships with them and prove as records for any legal or operational reasons.

Supplier data also also helps in monitoring performance and productivity and make purchasing decisions based on a supplier’s history with your organisation.