ACCT 3122 Chapter : Chapter 9
Document Summary
The fully integrated nature of the system reduces errors and speeds the business process. Procurement- the business process of selecting a source, ordering, and acquiring goods or services (aka purchasing) The general steps in the procurement process are: Sap erp supports procurement in its materials management module. Documents in sap erp are online documents; they are created online & may be processed entirely as electronic docs. All procurement docs are assigned a document type code, which determines the fields that are displayed on screens. Purchase requisition document used to request a purchase. Once completed, the purchase requisition is forwarded electronically to a supervisor for approval. The next step in the business process is to assign a source of supply to the purchase requisition. Sap erp maintains lists of approved and disapproved sources of supply. They may also be printed and exchanged manually. Procurement docs that are available in sap erp include:
