Reference: Procurement Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Item Management

Provides the ability to:

Create supplier catalogs.

Define workflows for requesting, creating, and mass updating purchase items.

Purchase Orders

Provides the ability to issue purchase order (PO) documents to suppliers. The functionality supports:

Sourcing.

Creating and managing acknowledgment transactions and advanced ship notices.

Initiating returns.

Amortization schedules for prepaid POs.

Tracking and managing backorders.

Visibility into contingent workers.

Receipts

Provides the ability to manage receipts, submit receipts for approval, create receipt adjustments, and put away items into inventory. The functionality supports:

Scanning receipts.

Attaching procurement documents to receipts.

Request for Quote

Provides the ability to create, manage, and award requests for quotes (RFQs).

Requisitions

Provides the ability to configure, process, and source requests for goods and services.

Spend Control

Supports the ability to manage and create procurement rules. The functionality provides the ability to:

Report on procurement spend metrics.

Manage procurement documents.

Roll forward procurement documents.

Schedule POs, PO closures, and creation of receipts.

Issue PO change orders and supplier contract amendments.

Manage accounting for supplier invoice amortization installments.

Match invoices against corresponding POs and receipts.

Configure accounting rules.

Supplier Contracts

Provides the ability to:

Create and manage supplier contracts and banking records.

Establish and record payment terms.

Restrict supplier selection on transactions.

Define contract renewal terms and notifications before contracts expire.

Supplier Portal

Supports supplier interactions. The functionality provides the ability to:

Create and view supplier invoices and payments.

Suppliers

Provides the ability to categorize suppliers. The functionality supports:

Integrated supplier risk monitoring.

Diverse sourcing opportunities.

Defining of priority-ranked suppliers for purchase items.

Tracking and management of back orders from suppliers.