Maintain Asset Proposal Rule Definition – A summary of the activity

This activity allows you to maintain and define the Asset Proposal rules. An asset proposal is created to give the pattern in which the assets are to be purchased for the financial year based on the budget that has been sanctioned. An asset proposal is created for a finance book in a given financial year.

During creation of ‘Capital’ Purchase order, it is mandatory to enter Capex Proposal #, if CIM interaction exists between Asset Planning and Purchase Order Components. Asset # creation (automatic/ manual) is based on the Proposal # entered in the Purchase order. Also the proposal balance would be updated for the given proposal. At times, buyer might not know the correct Proposal # for the item being purchased. Hence, Automation of Capex Proposal # based on rules defined in this activity would avoid manual errors in selection of Capex Proposal.

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