Purchasing

The Purchasing system begins with recommended purchasing actions from the material requirements planning system, fed by sales orders, forecasts and the master schedule, or with the direct entry of requisitions, quotes or orders. Standard orders, blanket orders, contracts and release schedules may be combined. A single order may comprise a multitude of items with many deliveries of each item. In addition to inventory items, non-stock items such as supplies, services or equipment can be purchased and directly charged to general ledger accounts. Material may be ordered to stock or directly to specific work orders. Calculations include cascading discounts, sales and Value Added Taxes (VAT), foreign currency exchange rates, and quantity discounts on price quotations.