Online Requirements for Purchasing Management Features and Functions
Online tools and portals are increasingly used by organizations for supplier interactions. In order to make communication efficient for both parties, these tools should provide functionality such as information on all available suppliers; the possibility of creating purchase orders with advanced options (e.g., define frequency, define delivery method, define payment methods, etc); collaboration that will allow changes to be easily communicated to suppliers, etc.).
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- Create and use blanket purchase orders
- Provides a reference to a contract or master agreement
- Create multiple releases, each relieving a committed amount
- Multiple release capability at the line item level
- Provides a reference to the blanket purchase order that yielded a particular PO
- Creates a new requisition similar to an existing requisition using a copy function
- Enters and amends quote responses for requisitions while online
- Online reporting to all vendors, which includes providing a PO
- Create a purchase order from an existing requisition
- Search the vendor record via a short description of the vendor's name
- Multiple vendors for the same part are stored in a file; all vendors can be accessed for the same part with pricing visibility
- Stores "vendor qualification level" (e.g. qualified, non-qualified, and under evaluation)
- Extracts and transmits PDF drawing files and other files to vendors
- Accommodates vendor self-service
- Internet vendor can electronically register and update its company information
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Purchasing Management Features and Functions
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