Manage Procurement Types

Use this screen to establish procurement types, which are used on the Manage Purchase Orders screen in Costpoint Purchasing and in Costpoint Procurement Planning functions.

Procurement types serve two purposes. You can use them to categorize requisition lines, and to instruct buyers on how many quotes should be obtained before the requisition line is generated into a purchase order. Examples of procurement types include "Competitive Bid" and "Sole Source."

Use this screen when you initialize Costpoint Purchasing and Costpoint Procurement Planning, or when you maintain procurement types.