Odoo Purchase, is one of the core application integrated with the other core applications such as Sales, Inventory, and Accounting. To answer the real business need, Odoo Purchase application manages the different business flows, such as creating a Request For Quotation to confirm the order followed by the goods receipt notes in the warehouse and vendor bills in accounts. Odoo Purchase application also allows the large-scale industry to start their buying process with tenders or purchase contracts (blanket orders).
The purchase history allows you to better negotiate on the pricing with your suppliers, or you can be updated with your supplier's price list, which can be imported in Odoo in a single click. The purchase order is created automatically based on the inventory level or on demand when we have a sales order, thanks to wall integration with sales and inventory application.
Let's see all the features of the Odoo Purchase application in this chapter, starting from a request for a quotation to confirmation of the order, receiving goods, managing the costing, inventory valuation, and receiving bills in accounting.
