CHAPTER 7LOGISTICS INVOICE VERIFICATION
1. What does the term LIV mean?
LIV stands for Logistics Invoice Verification. It is the last component of the logistics supply chain that is comprised of purchasing, inventory management, and invoice verification in materials management (MM). In invoice verification, the comparison of vendor invoices is performed with respect to purchase orders and goods receipts. The vendor invoices are also checked on the basis of the following three parameters:
Content
Price
Quantity
When the posting of the invoice is ...
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