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Yes, can be setup at the Organization level.
Can i know on how can he set this up at Organization Level or does it need Customization
Using purcasing super user
Navigation: Setup - Organization - Purchasing Options (under document control you have options).
Standard functionality- not customization
These values are setup at Operating Unit level,
Can these same values be set at the Inventory Organization level or Items Level
You can set up the same values are going to be setup at organization or item, but in a normal case if
your operating unit level setup is different from a specific org/item setup. You use the item/org setup to override
the values on the ou level setup. Hope it helps.