Supplier Group is an aggregation of suppliers that are similar in some way.

A supplier can be differentiated from a contractor or subcontractor, who typically contribute specialized inputs to deliverables. A supplier is also referred to as a vendor and comes in various types based on the goods and products they provide.

BizCentric enables you to establish custom categories for suppliers known as Supplier Groups. For instance, if your suppliers primarily consist of pharmaceutical companies and FMCG distributors, you can create specific Supplier Groups for them and assign appropriate names to these groups.

To access Supplier Group, go to: > Home Buying > Supplier > Supplier Group

1. Prerequisites

Before creating and using a Supplier Group, it is advised that you create the following first:

• Supplier

2. How to create a Supplier Group

1. Go to the Supplier Group list, click on New.
2. Type a name for your new Supplier Category.
3. You can set a Parent Supplier Group for this Supplier Group.
4. Ticking the Is Group checkbox will make it a Parent Supplier Group.
5. You can also assign a default Payment Terms Template to the Supplier Group. Useful in a case where all your hardware suppliers take half payment on sales order and half post shipment.
6. Save.

You can classify your suppliers from a range of choices available in BizCentric. Choose from a set of given options like Distributor, Electrical, Hardware, Local, Pharmaceutical, Raw Material, Services etc. Classifying your supplier into different types facilitates accounting and payments.

3. Supplier Group Tree

You can also construct Supplier Group in the form of a tree hierarchy, similar to Chart of Accounts.

To view the Tree structure, click on Tree from the sidebar. To go back to the list view, simply select: Menu > View List.

With the new User Permissions in place, you can now apply hierarchy-based permissions.

4. Related Topics

1. Supplier