What is meant by BANF?
BANF stands for "Bestellanforderung" (purchase requisition) and refers to an internal request to the purchasing department of a company to procure specific goods, materials, or services. It is the first step in the procurement process and serves to document a department's needs and initiate the ordering process.
Typical software functions in the area of "BANF":
- Demand Capture: Digital input and management of purchase requisitions by employees.
- Workflow Management: Automated forwarding and approval of BANFs based on defined rules and hierarchies.
- Budget Control: Checking purchase requisitions against available budgets and cost centers.
- Supplier Integration: Integration of supplier catalogs for easy product selection and price determination.
- Status Tracking: Real-time monitoring of the processing status of BANFs throughout the entire process.
- Reporting and Analysis: Generation of reports to analyze procurement activities and identify optimization potentials.
