TABLE OF CONTENTS
- Explanation
- Key Features and Changes
- Benefits of the Migration
- Impacted Modules
1. Explanation
This release enhances the Requisition (PR) process by migrating it to a new App structure, aimed at improving efficiency and user experience. The updated system offers streamlined workflows and improved automation for handling purchase requisitions.
2. Key Features and Changes
Default PR Templates:
Users can now mark specific templates as default during new requisition creation. This functionality streamlines the process by automatically loading the selected template, reducing the time spent on setup.
Enhanced Price Calculation:
The approximate price calculation has been refined to provide more accurate pricing based on historical data:
- Rate Contracts (RC): Matches products, dimensions, and delivery addresses to fetch the lowest prices from active RCs.
- Purchase Orders (PO): If RC data isn't available, the system will use the latest approved PO price for matching items.
- Quote Comparison (QC): The system will refer to QC data as a final fallback if both RC and PO data are unavailable.
This feature enables users to receive the best possible pricing suggestions quickly.
Suggested Suppliers:
The system now provides suggested suppliers based on previous transactions. This suggestion process considers:
- Active RCs
- Recent Purchase Orders
- Converted QC's
By filtering based on the item name and delivery address, the system suggests up to 10 relevant suppliers, making it easier for users to select the best options.
Suggested RC's:-
By default Our system recommends Rate Contracts (RCs) based only on the facility. Customers can enhance this by adding dimension mappings, like the ledger and department to further refine RC suggestions. For an RC to appear, it must be associated with both the facility and the additional dimensions, ensuring more precise and tailored recommendations for a smoother procurement process.
Conversion Options:
Users can now convert PRs directly to Purchase Orders (POs) or Requests for Quotations (RFQs) from the Order Builder page, enhancing the efficiency of the procurement process.
3. Benefits of the Migration
- Improved User Experience: The streamlined overlay and automated features significantly reduce the time required to create and manage purchase requisitions.
- Enhanced Decision-Making: The refined pricing calculations and supplier suggestions ensure that users have the most relevant information at their fingertips.
- Efficiency Gains: By automating manual processes like purchaser assignments and PR conversions, the migration enables faster processing of procurement tasks.
4. Impacted Modules
- Requisition Creation and Management
- Purchase Order and RFQ Conversion
For any questions or further assistance regarding this release, please contact the support team. We are excited about these enhancements and believe they will greatly improve your procurement experience.