CHAPTER3Processing Purchasing Documents
The ultimate goal of a purchasing system is to ensure a company gets the “stuff” it needs to do business, delivered at the right time, and for the right cost. Understanding the documents and processes involved in accomplishing this is the first step in an efficient purchasing system.
Purchasing Documents
The main purchase documents used in the procurement cycle are requests for quote (RFQs), requisitions, and purchase orders. EBS also allows you to track any quotes received on an RFQ or requisition.
Requests for Quote
Requests for quote are created prior to actually purchasing any items, with the purpose of receiving price quotes from one or more suppliers. In EBS, these can be created directly from a requisition ...
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