![]() If the stock is available in the warehouse, then the store’s department will send the stock to the production department. Generally, In the organization, the production department team checks with the store’s department team for the required stock/materials. Purchase Requisition is raised by the stores department to the Purchase department internally. We will understand the master data activities like a material master, purchase Info record, source list, and transaction activities like Purchase Requisition, Purchase Order, Goods Receipt, and Invoice Posting. ![]() I have explained few popular scenarios in this blog post. It deals with procuring materials, services, different contracts associated with procurement. Hence this process is popular with the word ‘P2P’ Process. The procurement process starts from purchase requisition and ends with payment to the vendor. ![]() In this document, I would like to explain the different scenarios in the procurement process. ![]()
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