![\"8488597d06df325a49d84618f771fcd0\"](\"https:\/\/blogs.scu.edu\/erpsystems\/files\/2016\/10\/8488597d06df325a49d84618f771fcd0-300x257.jpg\")
<\/p>\nThis week in class we talked about procurement in the ERP system. We took the grocery store Safeway as an example. Because Safeway is implementing the vendors manage inventory system, unless the goods\u2019 material status got changed, it won’t create the financial impacts. This finding was interesting, and it creates more possibility for us when we are doing our own projects.<\/p>\n
The whole procurement process should consists of these parts.<\/p>\n
“1)Requirement: What is business needs that is called requirement
\n2)Source of supplier:its nothing like request for quotation sending the RFQ to supplier based on the who are supporting this project.
\n3)Vendor Selection:Once RFQ received we need to analyse who given best price meets the delivery requirement.
\n4)Order Processing:Once the supplier selected get confirmation from manager.
\n5)PO processing:Process the purchase order
\n6)Good Receipt: Once goods received enter the good receipt number to update the number in the system.
\n7)Invoice verification: Based on received good the price are correct or not
\n8)Payment processing.”<\/p>\n
Some business has adopted the Procure to Pay model to cut the cost.\u00a0By understanding the procurement process, we can manage the business more productively and efficiently.<\/p>\n
<\/p>\n
(Source:\u00a0Basics of External Procurement Process\u00a0http:\/\/nazrinrizal.blogspot.com\/2010\/07\/basics-of-external-procurement-process_15.html<\/a>)<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" This week in class we talked about procurement in the ERP system. We took the grocery store Safeway as an example. Because Safeway is implementing the vendors manage inventory system, unless the goods\u2019 material status got changed, it won’t create the financial impacts. This finding was interesting, and it creates more possibility for us when … Continue reading Procurement Process Quick Review<\/span><\/a><\/p>\n","protected":false},"author":1649,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-150","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"syang","author_link":"https:\/\/blogs.scu.edu\/erpsystems\/author\/syang\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"This week in class we talked about procurement in the ERP system. We took the grocery store Safeway as an example. Because Safeway is implementing the vendors manage inventory system, unless the goods\u2019 material status got changed, it won’t create the financial impacts. This finding was interesting, and it creates more possibility for us when…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/users\/1649"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/comments?post=150"}],"version-history":[{"count":3,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/150\/revisions"}],"predecessor-version":[{"id":154,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/150\/revisions\/154"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/media?parent=150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/categories?post=150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/tags?post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}