BizSugar.com › Strategy › Top Tips How to Prevent Human Error In Warehouse And Inventory?

Purchase Planning is a necessary process in Inventory Management, where purchase manager is responsible for all the requisition related to stock in warehouses. In simple term purchase planning facilitate a structural approach to the management on purchasing activities which define the lucrative material purchase plans, like what should be purchase, in which quantity and form where it should be purchase. Planning typically takes place as a component of the budgeting process, which inventory need to operate the business properly and to control the cost of the goods with suppliers.