Overview
Purchase Price Comparison helps buyers review how the same item is priced across vendors. It is useful when selecting the most suitable supplier or checking whether current buying costs remain competitive.
Main purposeReview supplier price differences before a purchasing decision is made.
Important areasItem selection, vendor price review, comparison results, and buying decision support.
Business valueBetter purchase decisions and stronger cost control.
Where To Find It
Common Path: Vendors & Purchases > Purchase Price Comparison
Users typically open this screen before raising a purchase document or when reviewing current vendor pricing.
Note: Price alone should not always decide the purchase. Quality, lead time, and supplier reliability may also matter.
How It Works
The screen compares available purchase information for the selected item so the buyer can see different vendor price positions and decide which option is currently most suitable.
- Compare prices using the same item and unit basis.
- Review whether the compared prices are still current.
- Use the result as decision support, not as the only buying factor.
Main Areas
| Area | What It Is Used For |
|---|---|
| Item Selection | Choose the item that needs price comparison. |
| Vendor Comparison | Shows vendor-specific price information for the item. |
| Result Review | Helps identify the best current option according to your policy. |
| Purchase Decision Support | Used before a purchase quote, order, or invoice decision. |
Important Fields And Controls
| Field Or Control | What It Means | When To Use It |
|---|---|---|
| Item | The product being compared. | Select the exact item needed for purchasing. |
| Vendor | The supplier in the comparison result. | Use it to review available supplier choices. |
| Price | The recorded purchase price. | Compare it across suppliers carefully. |
| Reference / Date | Supporting price context such as the related transaction or date. | Use it to understand whether the price is still relevant. |
| Unit Basis | The unit used for the compared value. | Confirm it to avoid misleading comparisons. |
Recommended Workflow
- Open Purchase Price Comparison and choose the required item.
- Review the listed vendor prices and supporting details.
- Check whether the prices are recent enough for decision-making.
- Use the result to decide which supplier is currently most suitable.
- Continue into the purchase document workflow when ready.
Best Practice
- Always compare like-for-like units and conditions.
- Review price dates before depending on the result.
- Use supplier performance and delivery reliability together with price review.