P2p

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oracle apps p2p cycle

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P2p

  1. 1. Procure to Pay Cycle By Ramesh
  2. 2. Procure to pay means <ul><li>Procuring Raw Material from suppliers which are required to manufacture the final or finished goods. </li></ul><ul><li>Paying the Supplier from whom the material was purchased. </li></ul>
  3. 3. P2P cycle covers following steps
  4. 4. Requisition <ul><li>Requisition is nothing but formal request to buy goods/services. </li></ul><ul><li>Two types of requisitions: </li></ul><ul><li>1.Internal Requisition (Inter-Organization Transfer) </li></ul><ul><li>2. Purchase Requisition (Requesting material from </li></ul><ul><li>suppliers) </li></ul>
  5. 5. Request for quotation <ul><li>It is a document which will be prepared for required requisition. </li></ul><ul><li>These documents will be send to the different suppliers. </li></ul><ul><li>There are 3 types of quotations </li></ul><ul><li>1.Bid </li></ul><ul><li>2.Catalog </li></ul><ul><li>3.Standard </li></ul>
  6. 6. Quotation <ul><li>Based on the RFQ suppliers will send quotations. </li></ul><ul><li>Based on Quotation analysis one quotation will be approved and that will make it as po. </li></ul><ul><li>There are 3 types of quotations </li></ul><ul><li>1.Bid </li></ul><ul><li>2.Catalog </li></ul><ul><li>3.Standard </li></ul>
  7. 7. Purchase Order <ul><li>It is a document which will be sent to the supplier to purchase goods and services. </li></ul><ul><li>Supplier will send the goods as per the terms and conditions mentioned in purchase order. </li></ul><ul><li>There are 4 types of purchase documents </li></ul><ul><li>1.Standard PO </li></ul><ul><li>2.Planned PO </li></ul><ul><li>3.Blanket Purchase agreement </li></ul><ul><li>4. Contract Purchase agreement </li></ul>
  8. 8. Receipt <ul><li>Based on the terms and conditions we will receive the goods in the inventory. </li></ul><ul><li>While receiving the goods we will match the goods as per the PO quantity and invoice quantity. </li></ul>
  9. 9. Payment <ul><li>Once we have received the goods or services from supplier you will also receive an invoice. </li></ul><ul><li>Against the invoice accounts payable department will pay the amount. </li></ul>
  10. 10. Thank You

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