Vendor Bidding - Periodic Processing

Close Bids

Changes the status of a bid to Closed. This prevents any other activity from being applied against the bid. Closing a bid also liquidates all outstanding pre-encumbrances and allows the bid to be purged.

Convert Bid to PO

Converts bids from Vendor Bidding into purchase orders in the Purchasing System.

Convert Requisition to Bid

Converts requisitions created in the Purchasing System into bids for processing in the Vendor Bidding System. The converted bids are identical to those created in Vendor Bidding.

Purge Close Bids

Removes closed bids from the system. Purging a bid allows you to reuse its bid number within the same year.