The Priority system supports the entire purchasing process — from the creation of purchase requisitions (recommendations), to the opening of requests for quotes from vendors, to the recording of received quotations, to the opening of purchase orders, and finally to the receipt of goods and their billing.
- Vendor Parts - Priority allows you to create and maintain a list of parts supplied by each vendor. This list includes the vendor's catalogue number and description of the part, which appear on printouts of purchasing documents .
- Vendor Price Lists - Priority allows you to maintain an unlimited number of price lists for each vendor.
- Subcontractors - Subcontractors are managed in the system as a sub-group of vendors
- Purchase Planning - Priority's Purchase Planning module determines material requirements (both for raw materials used in production and purchased items sold to customers), based on sales orders, open work orders or frequency of need.
- Purchase Authorization - Priority offers two mechanisms for authorizing purchase requisitions and purchase orders: Authoriser Lists, BPM Status.
- Blanket Purchase Orders - Blanket purchase orders offer special pricing terms in return for a commitment to order a specified quantity over a designated period of time.
- Purchase Order Tracing - You can view all open purchase orders and order items, according to a variety of criteria. For instance, you can view due dates, anticipated on-hand dates and projected payment dates, thus identifying any supply delays. In addition, a log displays changes made to purchase orders items.