This article explains how the Buying Team member can either approve or reject the Cost Submission and what it means for the vendor and the retailer.
The user will only be able to change Approval Status for the team they belong to:
When applying a status you can either:
- Approve the Cost Submission - after which the vendor and the Sourcing team will be notified about the decision.
- Reject the Cost Submission - after which the vendor will be requested to first withdraw and resubmit the cost submission. The Sourcing team won’t be notified.
Once the status is changed:
- the name of the Buying team member, date and time will appear next to the updated status
- the Buying Team Approval status will update on Linesheet
- Sourcing Team will now be able to filter by Buyer Approval Status to define their day to day work-list
If needed, the Buying team member can change the status back from approved to rejected.
⚠️ Buyer Approval is not final approval
In the Loupe System, Sourcing Team Approval is the final step in the approval process. Until Sourcing Team Approval is "Approved" the Cost Submission price will not apply in the Linesheet, and Purchase Orders will not be able to access the price you see on Cost Submission.