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I wanted to prepare a presentation on the topic Business Process for Sales Department as per the following data template of Business Process for Procurement.
I wanted to prepare a presentation on the topic "Business Process for Sales Department" as per the following data template of Business Process for Procurement.
- Business Process for procurements
- Documentation and Information Flow
- Dependencies: Inventory Management Systems
- A fundamental decision is to decide if inventory shall be maintained for an item or it shall be purchased as and when required
- Inventory management systems refers to decisions as to when, and how much shall be purchased
- are broadly of three types
- Actual demand based systems [JIT or closer to JIT systems]
- Reorder point systems
- Forecast demand based systems usually known as MRPs
- Purchase Requisition
- A request to the procurement department for purchase of goods
- Internal document
- Who originates
- Information
- Who receives
- Accounting Entry
- Sourcing
- Prequalified vendors [source list]
- Request for Quotations [RFQ]
- Who originates
- Information
- Who receives
- Accounting Entry
- Quotations submitted by vendors
- Who originates
- Information
- Who receives
- Accounting Entry
- Vendors selected or rejected
- Purchase Orders
- A formal request for ordering of goods
- acceptance of quotation offer
- Who originates
- Information
- Who receives
- Accounting Entry
- Delivery Challan
- A document send by the vendor along with the shipment for acknowledgment of delivery purpose [original and copy]
- Who originates
- Information
- Who receives
- Accounting Entry
- Goods Receipt [GR / GRN / GRR]
- An internal document generated by warehouse people as an evidence of receipt of goods
- Who originates
- Information
- Who receives
- Accounting Entry
- Stores Requisition / Goods Issue
- A formal request by the user for issuing goods from stores
- Who originates
- Information
- Who receives
- Accounting Entry
- Vendor Invoice Verification
- Vendor invoice is received and verified and entered in the system
- Three way verification
- Who originates
- Information
- Who receives
- Accounting Entry
- Vendor Payment
- Payment to vendor is done
- Who originates
- Information
- Who receives
- Accounting Entry
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