Manage Requirements

The first steps in Procurement Planning is collecting material requirements.

Requirements can be collected and aggregated in CREST ERP by

1. Item type – Fixed Asset, Inventory, Expense
2. Facility – where the items have to received or service has to be rendered
3. Department
4. Budget ID and Sequence ID, if a Budgetary Control system exists

Purchase requirements are raised by various departments as a part of Procurement Planning process or in the regular course of business. These Requirements will form the basis for issuing Requests For Quote (RFQ) and placing the orders with the right Supplier. They give enough time for planning the procurement with respect to finances, get economies from bulk-ordering, ensure adequate warehouse storage space etc, thus helping manage the supply chain effectively and efficiently.

Requirements management processes in CREST ERP are discussed in detail in the subsequent sections