Materials, Vendors, and Rates
Maintain your material catalog, vendor directory, vendor rates, and the inputs that power rate comparison.
Use this when: You are setting up the materials you buy, the vendors you buy from, and their prices.
Clean master data is the foundation of reliable purchase orders, deliveries, inventory, estimation, and reporting. Time spent here pays off everywhere downstream.
Setting Up Master Data
Materials define your catalog and the units that every stock and purchasing screen uses. Vendors hold contact details, specialisation, location, rating, and performance history.
A vendor rate links one vendor to one material with a price, lead time, minimum order quantity, and notes. Rate comparison then lines up the alternatives so you can pick the best supplier before raising an order.
Standardise material names and units before any transactions begin.
Capture vendor contact and specialisation so procurement can filter quickly.
Keep rate notes current when a quote includes delivery, tax, minimum order, or validity terms.
Review a material's rate history before updating estimates or placing large orders.
How This Feeds Procurement
Materials and vendors combine into rates, rate comparison helps you choose, and the chosen rate flows into a purchase order and then a delivery.