The Purchasing
(PO) application is used to buy and receive all
sorts of goods and services to supply the needs
of your business and customers.
The planning applications can make integrated
requisitions for required items, and manual requisitions
can procure other items, supplies, or services.
The PO application is tightly integrated with
Accounts Payable, Material Requirements Planning,
and Inventory.
The main features of PO include the following:
- The capability to
create and maintain purchase requisitions.
- The capability to create,
source, and maintain purchase orders.
- The capability to create
and maintain requests for proposals and
requests for quotations.
- Document approval and
control.
- Receiving and inspection.
- Returns to vendors.
- Accrued receipts transactions
and price variance journal entries to
GL.
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