Purchasing Options

Navigation: Setup > Organizations > Purchasing Options
Screen: Purchasing Options

Requisition Import Group - By
This value determines how the system should group all those Requisitions lines generated by Oracle Inventory based upon the Planning Mechanism. Group requisition lines for each item on a separate requisition
Rate Type
The default rate type is used when the Purchasing Document is in Foreign Currency. The user rate type will ask the user to enter the conversion rate vis-à-vis the foreign currency.
Minimum Release Amount
Minimum Release Amount will determine the minimum amount for which a release can be entered against an Agreement.
Taxable
No.
Price Break Type
Price Break indicates if the Vendor is offering any quantity discount. The Price Break Type will determine the mechanism by which the system should sum up the total Quantity so that the correct Price defaults from the Price Break.
Price Type
This value is used only for referential purpose. Fixed Price Type will indicate that the Price reflected on the Purchase Order is a Fixed Price after negotiating the same with the vendor.
Quote Warning Delay
Quote Warning Delay will determine the number of Days in Advance the system should warn the user before the Quotation expiry date.
RFQ Required
RFQ Required indicates the Buyer that an RFQ was Required for this Requisition before the same was converted into a Purchase Order.
Receipt Close Tolerance
PO Closes for receiving when 95% of the good is received.
Invoice Close Tolerance
No over Invoice Quantity Allowed i.e. the Invoice Quantity and the PO quantity should always match.
Line Type
The default line type in all the Purchasing Documents.
Invoice Matching
Determines the type of Matching the system will subject the Invoice against the source Purchase document.
Accrual
Accrue Expense Items
Determines when the Expense Items/Services will be Accrued.
Accrue Inventory Items
Inventory Accrual will be done Perpetually i.e. The system will accrue the liability on receipt of Goods which are Stockable (Current Assets) in nature.
Expense AP Accrual Account
The default Expense AP Accrual Account.
Control
Price Tolerance
The Price Tolerance allowed when the Purchase Order Price differs from the Item List Price as entered in the Item Master.
Enforce Price Tolerance
Determines whether the Price Tolerance should be enforced or not.
Enforce Full Lot Quantity
Not Applicable
Display Disposition Messages
Not Applicable
Receipt Close Point
This option determines when the system should close the Purchase Order close for receiving.
Notify if Blanket PO Exists
The option determines whether the system should Notify you, In case you are buying an Item on Standard Purchase Order though a Blanket Agreement exists for that Item.
Cancel Requisitions
In case of a Purchasing Document being cancelled, how the system should treat the associated Requisition. Should it cancel the Requisition optionally or overtime?
Allow Item Description Update
This control Attribute will determine whether the Item description can be updated or not at the time of raising a Purchasing document.
Security Hierarchy
The Security Hierarchy determines the various positions, which will have access to the various documents.
Enforce Buyer Name
This option will restrict the other buyer from accessing the documents belonging to another Buyer.
Enforce Vendor Hold
If a Vendor has been put on hold in the Vendor Master, should the system stop you from entering any Purchasing documents against that vendor?
Numbering
RFQ Number – Entry
Numbering options determines the way the system should number the various purchasing documents.
RFQ Number – Type
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RFQ Number – Next Number
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Quotation Number – Entry
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Quotation Number – Type
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Quotation Number – Next Number
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PO Number – Entry
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PO Number – Type
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PO Number – Next Number
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Requisition Number – Entry
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Requisition Number – Type
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Requisition Number – Next Number
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