Objective

The objective of this setup is to define vendor-wise item pricing, minimum order quantity (MOQ), and lead time in the system so that purchase orders and costing calculations happen automatically and accurately, without manual intervention.

Step-by-Step Guide

Step 1: Open Costing Masters

Go to Masters → Costing and open the Purchase Pricing tab.

Step 2: Select Vendor

Use the Vendor dropdown on the top-right to select the vendor for whom pricing needs to be defined.

Step 3: Add New Pricing

Click on + NEW to open the Add Pricing popup.

Step 4: Select Item

Choose the Item Code.
The Item Name will be auto-filled by the system.

Step 5: Enter Pricing Details

Fill in the following fields:

• Price per Unit 

• Minimum Order Quantity (MOQ)

• Lead Time (in days)

Step 7: Save Pricing

Click Create Costing to save the pricing details.

Step 8: Verify Setup

Confirm that the pricing appears correctly in the list with:

• Vendor name

• Item

• Price per unit

• MOQ

• Lead time

You can also check View History to track changes.

Conclusion

Once price, MOQ, and lead time are set in Costing Masters, the system automatically applies them across purchase orders and costing flows. This eliminates manual pricing errors, enforces MOQ discipline, and ensures consistent and reliable cost calculations from day one.