Subcontract Order – Component Overview

Introduction

Subcontract Order (SCO) component facilitates the generation of an ordering document for the procurement of subcontract items or services. A SCO No identifies each such document. and communicates the intention of the buyer to source a set of subcontract items or services conforming to certain parameters like quantity, price, time and delivery.  The ordering documents also serve as the basis for the generation of goods receipt documents and the verification of supplier’s invoice.

Feature Highlights

• Provision to raise an ordering document with reference to a Quotation. Support for raising a Direct Subcontract Order without reference to any document.

• Facility to cover Subcontract Requests in the Subcontract Order document.

• Provision to stipulate the place of receipt and storage of the items subcontracted.  Provision to specify the financial book into which financial postings need to be made on execution of the Subcontract Order

• Provision to incorporate the list of items to be and not to be issued and the ones to be received, the delivery schedules & distribution of the item being ordered, its quality attributes and the various taxes, charges and discounts that are applicable.

• Support to raise a Letter of Intent, generate invoice before material is received, if required, and make advance payment to the subcontractor..

• Provision to access the stock details of a particular subcontract item at a warehouse / organization unit level and to arrive at a better decision on the quantity of items to be subcontracted.

List of Activities