RisingERP - Procurement Settings

Procurement Settings

Procurement Settings allow you to define properties that are applied across transactions within the Procurement module. To access these settings, navigate to: > Home > Procurement > Settings > Procurement Settings

Procurement Settings Overview

Explore the various configuration options available in Procurement Settings:

1. Supplier

Supplier Naming By

Define the method for generating a unique identity or name for each supplier. Options include using the supplier's name or a specified patterned series. For example, SUPP-00001, SUPP-00002.

Default Supplier Group

Set the default supplier group when creating a new supplier. This streamlines categorization, such as 'Hardware' for suppliers providing hardware.

2. Purchasing

Default Buying Price List

Configure the default price list for new procurement transactions. The 'Standard Buying' price list is set by default. Adjust the currency and country by using the arrow at the right end of the field.

Purchase Order Required

If set to "Yes," The ERP will enforce creating a purchase order before a purchase invoice or receipt. This ensures systematic procurement processes, though exceptions can be made for specific suppliers.

Purchase Receipt Required

If configured as "Yes," The ERP mandates creating a purchase receipt before a purchase invoice. Exceptions can be allowed for specific suppliers.

Maintain Same Rate Throughout Purchase Cycle

Enable this option to validate and maintain consistent item prices throughout the purchase cycle. Configure the system's response if the rate changes during a transaction.

Set Landed Cost Based on Purchase Invoice Rate

Useful when purchase receipt and purchase invoice rates differ. It allows setting landed costs based on the purchase invoice rate.

Allow Item to be added multiple times in a transaction

When unchecked, this option prevents adding the same item multiple times in a single purchase order. This serves as a validation measure to avoid accidental purchases of the same item, though it can be checked for specific use cases.

Efficiently configuring these settings ensures a streamlined and tailored procurement process within RERP.