Pre-Market Approvals are a functionality requiring Local Group Managers and Administrators to approve or decline a Buyer's Request before it is posted to Suppliers.
An Administrator will be able to set Pre-Market Approvals based on selected RFx values for Requests of specific Local Groups, or set custom thresholds for specific Buyers. You can find information on how Pre-Market Approvals are activated here: Activating Pre-Market Request Approvals. You can find more information on how Buyers see Pre-Market Approvals here: Pre-Market Request Approvals.
When there is a new Request that requires approval, the Manager/Administrator will receive a notification to alert them of this. The instructions below detail how they can review and approve/decline requests before they are sent to Suppliers.
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Click on the Approve Buyer RFx link under To-Do Tasks of your home page.
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Clicking on this link will direct you to a page displaying all the RFxs that you need to review (approve or decline). Clicking on the name of the Request will display all the details of the RFx in a pop-up window and give the options to approve or decline the request.
Details of the RFx along with attachments can be downloaded by clicking on the download icon on the top right corner of the pop-up window. -
Once the RFx has been reviewed, click the Approve or the Decline button in the Request Details window.
If you choose to decline the Request, a free-text entry box will pop up and comments can be made regarding the reason behind the decline. These comments will be forwarded to the relevant Buyer for review, make required changes to the request and resubmit for approval.
If you choose to approve the request, it will be released to the Suppliers.