ITM 410 Lecture Notes - Lecture 12: Shipping List, E-Procurement, Data Management

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Margaret Plaza

Document Summary

Purchasing process interacting structure of people, equipment, activities and controls that is designed to accomplish: Handle repetitive work routines of the purchasing department and the receiving. Support the decision needs of those who manage the purchasing and receiving department departments. Assist in the preparation of internal and external reports. Goods: raw materials, merchandise, supplies, fixed assets or intangible assets. Services: cover work performed by outside vendors, including contractors, catering firms, consultants, auditors. An internal perspective the internal view of the relationship between the purchasing process and its organization environment. Shows the various information flows generated or captured by the process. Purchasing receives authorization (via purchase requisition) to execute and record the purchase goods. The open purchase order authorizes receiving to accept the goods. Receiving executes the receipts and along with the warehouse has custody of the. The controller/general ledger records the increase in inventory.