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Sagot :
Every Workday Procurement transaction must contain a spend category as a necessary component. Spend categories combine commodity codes—used to specify the kind of product or service being purchased—with object codes.
Every Workday Procurement transaction must contain a spend category as a necessary component. Spend categories are a combination of commodity codes from the Legacy system, which specify the kind of thing or service being purchased, and object codes. Some workday spending categories may be considered trackable while others are not. Except for firearms, livestock/animals, and bulletproof vests, which are tracked at any value and marked as an LSU asset, products having a total acquisition cost of $1,000 or more should be included in a tracked spend category.
Building a comprehensive picture of the overall cost on commodities across the LSU system is the aim of the procurement spend categories. Accurate reporting on commodity expenditures increase the possibility of larger discounts and new contracts, which is advantageous for the university. Initial reports have shown that some end users are choosing the spend category based on the hierarchy of spend categories and/or the project they are utilizing the items for rather than the individual item within the hierarchy.
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