Subcontract Release Slip (RS) – Component Overview

Introduction

Subcontract Release Slip component facilitates the generation of an ordering document, on a supplier, with whom a subcontract agreement, i.e., a Blanket Subcontract Order is already in place. A unique Subcontract Release Slip Number identifies each such ordering document. It also serves as the basis for the generation of goods receipt documents and verification of supplier’s invoice.

Feature Highlights

• Facility to cover Subcontract Requests in the Subcontract Release Slip document.

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

• Provision to incorporate the delivery schedules and distribution of the item being ordered, its quality attributes, relevant budget details, the various taxes, charges and discounts that are applicable, the input material issues and output material receipts.

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

List of Activities