Determination of requirements: The relevant department can manually inform purchasing of materials requirement using a purchase requisition. If you have defined an MRP procedure for material in the material master record, we create the purchase requisition.
Source determination: One option for determiningthe source supply is to create requests for quotation and then to enter quotations.
Vendor selection: The selection of vendors is made easier by price comparisons between the various quotations. Rejection letters can be sent automatically.
Order processing: When you create purchase orders, the system gives entry aids.
Order follow-up: The purchaser can monitor the processing status of the purchase order in the system. For example, he or she can determine if a goods receipt or an invoice receipt has been made for the relevant purchase order item. Expediting procedures are also supported.
Goods receipt: The system checks the incoming goods quantity against the purchase order quantity.
Invoice verification: The vendor invoices are checked for accuracy of the arithmetic and the contents.
Handling of payments: The vendor payment is usually made in Financial Accounting.