Sparrow ERP’s component sourcing toolPurchase Plan checks and collects price matrix and stock availability from multiple leading suppliers in single click, does the analysis to select best option for each component and presents in interactive report format. Automated Pricing helps manufacturers to access real-time information about component availability and pricing of the bill of material from suppliers. This features literally saves hours of work by eliminating need to manually send inquires to suppliers and wait for quotation and then again compare manually.
Reliable and real-time information
Flexibility in component sourcing
Create a New Purchase plan
In Sparrow ERP purchasing module’s Purchase plans list, click on “Add new” button to create a New Purchase plan where you can name the list you would like to create then press Save.
Upload BoM (Bill of Material)
After saving a new purchase plan click on the import button to upload your bill of material. Here you can choose a file from your computer to upload, this will begin the upload process.
Upload BoM (Bill Of Material)
Upload BoM File
After selecting the file to upload, system will show a Preview of data from the file. Here you have to identify few mandatory fields (Identified by *) like MPN and Qty. If everything is OK, click on Import button to SAVE the data into Purchase plan.
Verify Uploaded Data
After BoM data is loaded, It is ready for Analysis. Click on Plan Analysis button at bottom to begin analysis.
Select Preferences for BoM Analysis
On the analysis screen, click on Market availability button after selecting all the components to start automated analysis. This will being process of fetching data from multiple suppliers in the background.
Analysis preferences: Stock Priority, Lowest MOQ, and Lowest Price
Progress of analysis will be indicated for each component in the list. System will work in background to select best option as soon as data is received. Once the process is finished you can review the result and make necessary changes. You can override the suggested option by selecting other option. You can also input price and stock manually if certain components are analysed automatically (this happens mostly when supplier could not recognize the MPN or they do not have enough stock).
Best Available Options
Enter the Details Manually
Watch the entire process in our video demonstration below.