P 2 P Cycle
Beta Company wants to purchase 10 LED TVs, after checking stock found empty and
procurement process to be created
Display
stock/Requirement
list
PR is created
(Internal
document)
Request For
Quotation
created
Quotations from
various vendors
received and
sorted
Evaluating
quotations
based on the
prices
After comparing prices vendor MS Enterprises selected (Price Rs 10,000/PC)
New
Create
Vendor
PO ref
created
to RFQ
(MS
Enterprises)
Create
GR for
PO
Physical
Create
verification Invoice
of Goods
Receipt
form
Vendor
Post
payment
to
vendor
Display
vendor
Line
items
G/L
account
balances
maintained