This customer is one of the well-known wholesale, retail and commission agents trading company in the UAE. In order to streamline and maintain their trading activities they were looking for an adequate software solution and FactsBMS was identified as the appropriate one.
FactsBMS order processing system includes proper purchase and sales life cycles. There are two types of purchases : stock purchase and consignment purchase. Stock purchase life cycle include purchase order, goods receipt note, purchase invoice and finally purchase return. Consignment purchases is done when supplier supplies the stock for sale without any payment.
Apart from core modules in FactsBMS there are other modules like stock adjustment and stock transfer. Stock adjustment are prepared for displaying extra physical stock adjustment. Liquidation statement details like consignment purchase quantity, damage quantity, recoverable expenses, sales invoice total and sales commission are prepared on sales proceeds(SOSP).