Outputs of p2 p process

1. OUTPUTS OF P2P PROCESS

2. 2
OUTPUTS OF P2P PROCESS
Vendor Selection and Evaluation
 List of Potential Vendors
 Quality Test Report
 Approval Note
 DMC note for approval of vendor
 Approved Vendor List
Vendor Master
 Vendor Code
Purchase Requisition
 Procurement Plan
Purchase Orders
 Purchase Info Record
 Purchase Order

3. 3
OUTPUTS OF P2P PROCESS
Material Receipts
 Gate Register
 Purchase Register
 GRN
Quality Inspection
 Quality Clearance Note / Rejection Note
Goods Rejection
 Quality Clearance Note / Rejection Note
 GRN Reversal
Invoice Verification
 Bill Register
VAT Accounting
 VAT Statement
 VAT Returns
 Form C / Form F

4. 4
OUTPUTS OF P2P PROCESS
Debit Notes / Credit Notes
 Debit Note
 Credit Note
CENVAT Credit
 Reconciliation between excise records and ERP
Advances to Vendors
 Approved Board Note
 Schedule of overdue advances
Write Offs, Scrapings, Degradation, Obsolescence, Spoilage
 Board Note
 Updated Inventory Valuation

5. 5
OUTPUTS OF P2P PROCESS
Period End Processes
 Approved material dispatch-receipt reconciliation
 Vendor Accounts ageing Report
 Material Rejection Report
 Reconciliation of vendor confirmations
 Physical verification differences report
 Approval note for bulk purchases
 Approved vendor list
 Balance confirmation from auxiliary warehouse
 Ratification for Spot Buy
 Reviewed list of open PO
 Reconciliation of hedging transaction and rate contracts in foreign currency
 Reviewed list of open GRIR account

6. 6
OUTPUTS OF P2P PROCESS
Period End Processes (contd…)
 Matched CENVAT clearing account
 Unplanned cost schedule
 Approved list of completeness of debit notes / credit notes review
 Variance report- Write off / degradation report
 Report for on-line tracking of C forms / F forms issued