If you want the material you wanna get from the vendor for the manufacting of the steel, then you can go for RFQ(request for quotations)...based on the Bids you can choose the vendor and then make the PO for the raw material...
The material which you want to procure shd have the MMR(Material master record) and for the vendor(Vendor master record)...
If you don't wanna go for the RFQ, then can also directly make a PR(Purchase requisition) and based on it you can make th PO...
Now After the PO, you can get the material and then you do goods receipt and then you pay to vendor via MIRO Invoice receipt...
This is a simple procurement process...
There could be few scnerios for the getting the finished product from the subcontractor and giving him the semi-fininshed productor...
SO here you use the subcontracting process also in the steel industry...
As the steel industry is a big industry and all the process can't compleated in the single location...SO for this you use the stock transfer/transfer posting scnerios...
For daily material req., instead of making the different Po via han, use can use the MRP process by which you can directly generate the PR//PO doc as per requirement get generated for the material...
like this there are n number of process which can be used in the steel industry also...
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