When creating a Requisition or Purchase Order, rate for an Item is automatically populated.
The rates used in Requisition or Purchase Order is in accordance to the hierarchy below. The list shows the rates from highest to lowest priority of usage.
- Purchase Contract Base Rate if Purchase Contract is selected
- Item/Vendor Rate if Vendor selected in the Requisition has Preferred Rate
- Item Purchase Price
- Item Last Purchase Price
- Requisition Estimated Rate