Overview

This group covers key purchasing operations. Firstly, it includes the creation, confirmation and sending of purchase orders to the vendor and the following up the purchase orders fulfillment. It also involves daily accounts payable transactions, eg. vendor invoices processing, AP offsetting, and placing payment requests.

Business processes list

• Assess direct demand for purchasing
• Generate replenishment-driven purchase orders
• Generate demand-driven purchase orders
• Generate plan-based purchase orders
• Specify custom requirements in purchase orders
• Create purchase orders for assets
• Create purchase orders based on sales orders
• Fill in vendor prices
• Fill in vendor payment terms
• Follow up purchase order progress
• Process purchase order confirmation
• Process vendor invoices by purchase orders
• Process vendor invoices for one-off services and assets
• Check vendor invoice against goods received
• Perform month-end check in Purchase
• Initiate goods return to vendors
• Process vendor invoices for packaging redemption
• Specify terms for consignment procurement and submit for approval
• Register goods pick-up by consignors
• Create and issue purchase orders for VMI procurement
• Fill up company stock by vendor
• Notify vendors about VMI consumption and process vendor invoices
• Register goods pick-up by partners
• Adjust VMI