Purchase Order Life Cycle

Managing the purchase order life cycle enables all key stakeholders of the purchase order; the procurement agent, the requester, and the supplier to track and monitor the execution cycle of the order and initiate and manage changes to the order including cancellations.

Life Cycle Tasks

Key Life Cycle Tasks:

• Track fulfillment status

• Reassign order ownership from one agent to another

• Control fulfillment activities

  • Place order on hold

  • Close order for invoicing

  • Close order for receiving

• Control amendment activities

  • Initiate order amendments including cancellations

  • Freeze document

• Finally close the document

Life Cycle Features

Key Life Cycle Features:

• Work areas for buyers and suppliers

  • Deliver access to active orders in the queue

  • Highlight life cycle events requiring attention

• Comprehensive life cycle management actions

• Real time order fulfillment status

• Embedded analytics

  • Provide trend statistics on buyer workload and activities

  • Provide supplier key performance indicators

• Center driven procurement

  • Manage orders for multiple requisitioning business units