what is meant by procurement cycle?
Answer Posted / vidz mota
1) PURCHASE ROCEDURE
2)REQUIREMENT FROM USER DEPARTMENT
3)SEND ENQUIRY TO VENDORS
4)GET QUOTATIONS
5)STUDY AND COMAPRE QUOTATION
6) NEGOCIATE QUOTATION
7)PLACING ORDER TO RIGHT VENDOR
8)FOLLOW UP WITH VENDOR
9)GET THE MATERIAL
10)INSPECT MATERIAL
11)CREDIT MTRIAL TO THE STORES
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
How do you manage the credit limit for the customer in fi?
Define depreciation areas? : fi- asset accounting
How do you maintain the number range in production environment?
Difference between depreciation ,accumulated depreciation and apc? What is apc?
Explain the process of calculating the planned activity output through long term planning?
What are organisational units in sap ?
What is line item display? : fi- general ledger accounting
How do you configure the assignment of variances from product costing to copa module?
After creating a customer/vendor, how can we check that under which account group we have configured this customer/vendor?
General Ledger Process flow
Explain the entire process of invoice verification from gr to invoice verification in sap with accounting entries?
What is the importance of gr/ir ( good received/ invoice received) clearing account?
Why do we create profit centers? What are the key components of profit center? : cost center accounting
What are the objects can archive in the SAP system and how for Finance Module ?
Is it possible to create an asset class automatically? : fi- asset accounting