Last Time Buy — Approve
A step in the Inventory Optimization Last Time Buy Scenario workflow that signifies that the Recommended Quantity for a part that is nearing end-of-life has been reviewed, and you are ready to generate a purchase order. Last Time Buy SKUs with the following Last Time Buy Status can be approved:
• In Progress – Forecasting
• In Progress – Recommendation
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There are n days until the Last Time Buy Date. The risk of inaccuracies in the Recommended Last Time Buy Quantity increase with the time between approval and the Last Time Buy Date, because usage and ordering decisions during that time are subject to change.
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Use these instructions to approve a Last Time Buy recommendation:
1. Enter Last Time Buy Work Queue in the Go to box to search for the page, then select the page from the resulting list of matches.
2. Do one of the following:
◦ Select one or more SKUs and click on the toolbar to approve the recommendations for the selected SKUs.
◦ Click next to a row to approve the recommendation for that specific SKU.
When you approve a Last Time Buy recommendation, a series of operations are processed to finalize the Last Time Buy SKUs and transition them into an executable state.
• The Last Time Buy Status is updated to Approved, which transitions the record from recommended to approved.
• A Last Time Buy order is then generated based on the approved quantity, which includes overrides.
• The Last Time Buy Date and the Support To Date are locked and cannot be modified unless the record is Disapproved.