Detailed Procurement Tracking

This component of the dashboard provides a detailed ledger of recent procurement actions, capturing the nuances of each transaction for comprehensive tracking and management.

Transaction Overviews

• Requester Information: Displays who initiated the purchase, along with the department and date, giving you context for the transaction.

• Purchase Justification: Offers reasoning behind the procurement, aiding in spend analysis and budgeting.

• Approved Amount vs. PO Amount: Compares the pre-approved spending limit to the actual amount ordered, highlighting any discrepancies.

• Vendor Selection: Indicates the vendor chosen for the transaction, providing insight into supplier diversity and spend distribution.

• Invoice and Payment Details: Lists the amounts invoiced and paid, along with the status of each transaction, whether pending goods received note (GRN) confirmation or payment completion.

Utilizing this information helps maintain transparency in procurement processes, ensures compliance with internal controls, and assists in accurate financial forecasting.