Alert - Purchase Price vs Cost Variance
Alert Overview:
This Alert notifies a user when a price on a Purchase Order is more than 10% different than the current cost of the item.
Purpose of the Alert:
This report helps monitor purchases where the price on the purchase document will change the cost of the item.
Parameters:
The alert should be set to run each morning, so that the user catches all the purchase orders placed the previous day.
Example Results / Scenario:
This report is very helpful in preventing GRPOs that throw off the cost of an item and then effect production costs. With this Alert, if a user enters a price on a Purchase Order that is going to change the cost of an item by more than 10%, the alert will notify the recipient. This will allow you to go in and change the purchase order with the correct price.