You can create purchase orders that reuse data and vendors
and apply consistent terms and contracts. You can create purchase
orders from purchase requisitions, material requests, and requests
for quotations.
Creating purchase orders
You can create purchase orders and reuse the data and vendor
information while applying consistent terms and contracts. You can
combine multiple purchase requisitions for the same vendor on a single
purchase order.
Creating units of measure
You can create a unit of measure to describe the quantity
used to measure an item, tool, or a service. You use a unit of measure
to measure the items and services that you order, issue, and transfer
in the asset management system. Examples of units of measure include
EACH, CASE, IN (inches), and ROLL.
Creating conversion factors
You can create a conversion factor to define the numeric
value or ratio that the asset management system uses to relate one
unit of measure to another. The conversion factor is an alternate
value that is used to represent a unit of measure. You can use this
alternate value to define an item order or transfer quantity and storeroom
balance.
Creating commodity groups
You can create a commodity group to identify a grouping
of items, tools, or services. A commodity group contains a grouping
of individual commodity codes. Classifying items, tools, services
with commodity groups and commodity codes provides a way for you to
analyze spending by product type. You first define a commodity group
and then add and associate individual commodity codes to the group.
Creating contracts from purchasing records
You can use the Create Contract action
to create a contract from a purchase order, purchase requisition,
request for quotation, or an invoice. You can create contracts based
on the information contained on records in the purchasing module applications.
Creating, associating, and modifying terms
You can create terms and conditions for records and you
can associate existing terms with records. You can also modify how
the sequence of terms displays for a record .