Understanding the Procurement Cycle
This table lists the major steps of a typical procurement cycle and the user who performs each step:
Step |
User |
---|---|
Purchase order creation and dispatch. |
Buyer |
Purchase order acknowledgement |
Supplier |
Purchase order acknowledgement change approvals. |
Buyer |
Purchase order shipment notification (status update or receipt routing). |
Supplier |
Movement in route. |
Supplier or third-party |
Purchase order receipt creation. |
Buyer Note: The supplier can review the purchase order receipt. |
Voucher creation. |
Buyer Note: The supplier can review the voucher information. |
Payment creation. |
Buyer Note: The supplier can review the payment information. |
With the exception of purchase order creation and voucher creation, the SRM portlet exposes these transactions.