Procure To Pay Processes

Procure To Pay Processes

P2P

Major Modules in Procure to Pay :

  1. Procurement
    1. Purchase Requisitions
    2. Source of Supply  and Vendor Determination
    3. Vendor Selection Process
    4. Purchase Order, Contract and Scheduling agreement Process
    5. Purchase Order Monitoring
    6. Goods Receipt
    7. Logistics Invoice Verification
    8. Handling of Payments
  2. Inventory and Warehouse Management
    1. Inbound Processing from Supplier
    2. Stocks Handling
    3. Initial stock Upload
    4. Physical Inventory , Inventory Count , Adjustment
    5. Return to Suppliers
    6. Replenishment
    7. Outbound processing to Customer
  3. Supplier Management
    1. Classification and segmentation

Leave a Response