Now that you have provided the VendorLink environment with data, it's time to create commodities.
To bundle Spend into well-organized groups, in addition to the financial dimensions, VendorLink makes use of so-called commodities.
These commodities can be linked to cost centres or suppliers, which automatically allocates the spend to the correct commodity.
Uploaded data in VendorLink will be divided into these commodities, based on the supplier or cost commodity. You can see all spend commodities in Spend > Commodities.
Creating a commodity
- Navigate to Admin > Tables > Commodities.
Here you will find an overview with all commodities and subcommodities, in this case there will be nothing in the overview because no commodities exist yet.
- To create a new commodity, click 'Add'.
- A form opens, leave the 'Parent' field empty as there is no commodity yet to be designated as the main commodity.
Fill in a reference code, description, status, indicate whether the spend in this commodity can be influenced, the risk factor, the influence factor on the result and finally indicate whether you want to be able to view the compliance of this commodity per supplier (this only has to do with policy compliance). Read more about adding commodites here.
Create all desired commodities in this way, and use subcommodities whenever possible (for a subcommodity, enter the field 'parent' when creating, this is the parent commodity).