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What occurs in the phase of purchase orders management?

In the procurement cycle of a service or material, what occurs in the phase of purchase orders management?

I. The received good quantity is registered by the system and the first part of accounting is made.

II. The invoice supervisor is notified of the good price and quantity variances.

III. The on-line purchase order processing status can be monitored and it is posible to know if the goods or an invoice were received.

Edited by: Arghya_Roy on Jul 13, 2009 5:51 PM

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  • Posted on Jul 13, 2009 at 05:40 PM
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  • Posted on Jul 13, 2009 at 06:41 PM

    Determination of Requirements: This phase comprises of identification of Material Requirements. This can be based on the user or MRP proper/Demand based approach to inventory control. Purchase Requisitions can be created manually (ME51N) Release (ME54) or can be generated using the System.

    Source Determination: This Phase comprises of identification of potential sources of supply. This can be based on past orders, and existing agreements.

    Vendor Selection: This Phase comprises of comparison of quotations received from Vendors. The system can check different quotations received from vendors.

    Purchase Order Processing: In this phase information is acquired from the Requisition and the Quotation. Purchase Orders can be generated by the system or they can be created manually (ME21N).

    Goods Receiving and Inventory Management: The goods receipts number can be obtained by entering the Purchase Order number.

    Invoice Verification: Here Invoices are matched

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 14, 2010 at 10:55 AM

    closed.

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