Procurement Planning

Costpoint Procurement Planning includes the tables and functions that streamline procurement of materials, supplies, and services. You can use these screens to define the characteristics of a request for a quote or a requisition.

Use the Request for Quotes menu to create and maintain various requests for quotes and actual quotes. You can create these Requests For Quotes (RFQs) and quotes by either item or vendor.

You can use Costpoint Procurement Planning to create various types of requisitions, approve purchase requisitions, assign requisitions to buyers, do process requisitions, set up PO header data, create purchase orders, and print hard copies of the requisition.

You can also maintain vendor data to be shared with Costpoint Accounts Payable. You can maintain vendor settings and terms, calculate vendor performance, and maintain and print the Vendor table.

Various inquiries and reports are also available in Costpoint Procurement Planning.

Note:

Requisitions will be company specific, regardless of whether or not items are separated by company; meaning if the Separate Items By Company check box is selected on the Product Definition Corporate Settings subtask on the Product Definition Settings screen, only items linked to your company ID will be available for creating requisitions. If this check box is not selected, the items are not filtered.