Best practices for procure to pay demonstrate the entire process chain in a typical procurement cycle for a wholesale distributor, including the following activities:

  • Source determination
  • Vendor selection and comparison of quotations
  • Determination of requirements
  • Purchase order processing
  • Purchase order follow-up
  • Goods receiving
  • Inventory management
  • Invoice verification
  • Payment execution

A quality management check upon goods receipt is also performed on materials.

 

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