This article explains how the Sourcing Team member can either approve or reject the Cost Submission and what it means for the vendor and the retailer.
💡 Whose Approval is Final?
The Sourcing Team has the final say in the Cost Approval process. Their decision will drive the final status of the product, and activate the Cost Submission price on the company Linesheet.
In other words, until Sourcing Team Approval is "Approved" the Cost Submission price will not apply in the Linesheet, and therefore Purchase Orders will not be able to access the price you see on Cost Submission.
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 will be notified that the product is approved for orders.
- Reject the Cost Submission - after which the vendor will be notified of the rejection.
Once the status is changed:
- the name of the Sourcing team member, date and time will appear next to the updated status
- the colour tab beneath the size icon will update on the product header
- the Sourcing Team Approval Status will update on Linesheet
If needed, the Sourcing team member can change the status back from approved to rejected.