System and method for purchase order creation, procurement, and controlling

A computer-implemented system for managing a purchasing order for an item to be purchased, the system comprising:

• a plurality of applications stored in computer-readable media and one or more processors that execute the applications, the applications including
• a purchase order management interface application, the purchase order management interface configured to display data associated with the purchase order;
• a purchase order generation application configured to generate a purchase order list for a store, the purchase order list includes the item, the purchase order generation application configured to generate the purchase order for the store based on the purchase order list, the purchase order list being based on event-driven information including a stock transfer order, a return order, an open allocation table, a returns allocation table, transfer data, and a planned turnover, the purchase order list being further based on a minimum product value for the store, a maximum product value for the store, a minimum variance for the product value, and a maximum variance for the product value, the purchase order generation application configured to allow a user to modify an existing purchase order;
• a purchase order procurement application, the purchase order procurement application configured to compare a cost of the purchase order to a budget, the purchase order procurement application configured to determine that the cost of the purchase order exceeds the budget, the purchase order procurement application configured to transmit a request for an approval signal based on the cost of the purchase order exceeding the budget, the purchase order procurement application configured to receive the approval signal, and the purchase order procurement application configured to transmit the purchase order based on the approval signal, the purchase order procurement application configured to transfer the item to a procurement document based on the purchase order being transmitted and to transmit a confirmation based on the purchase order being transmitted, the purchase order procurement application being further configured to remove the item from the purchase order list based on the confirmation;
• and
• an event-driven purchase order controlling application configured to allow the user to review existing purchase orders for the event-driven information related to the purchase order;
• wherein the approval signal comprises instructions for approving the purchase order when the cost of the purchase order exceeds the budget.