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Compiere 3 by Andries L Pretorius

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Chapter 5. Procurement Management

Procurement management is the process of managing the acquisition of goods, expense items, and services from an organization's suppliers (in Compiere, these suppliers are referred to as Vendors).

We will review how Compiere handles Procurement Management in this chapter, and shall:

  • Give you an overview of the business flows in the Procurement transaction process
  • Illustrate how Requisitions are captured and converted to Purchase Orders
  • Show you how Purchase Orders are matched to Accounts Payable invoices
  • Create Material Receipts from Purchase Orders or Invoices
  • Match documents in the Procurement cycle
  • Give you an overview of the accounting principles
  • Explain in detail the standard reports available in the system

The Procurement ...

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