Purchasing Tool - like MF50 planning transaction?

Hello,
We have a requirement / need for a purchasing tool which basically works similar to the planning transcation code MF50
1. Shows all the total quantity and release amounts based on searching by vendor, or MRP controller etc
2. Allows the users to change the quantities which would then automatically update the releases of that material/vendor combination
Is anyone aware of a SAP tool which allows for this type of functionality? I know there isnt anything standard in the ERP side, but wasnt sure if SAP had a different tool which others are using for this type of work.
Thanks for any comments...

Hi AKPT.
Thanks for info but I understand how it can be updated manually... What I am asking is if there was any tool which allows you to see all the releases for multiple materials and allows you to change the quantity and then update the release etc... Like how t-code MF50 works with planning. I'm assuming its not in the standard ERP. but maybe in a SCM add-on, SNC etc....
I think this goes against the SAP principle of set your exception messages, run MRP and review red traffic like materials (MD07) ... But I wanted to make sure.

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Purchasing Tool - like MF50 planning transaction?

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