Inventory controller shall review the PR and shall check the open Purchase Orders (PO), any other scheduled or planned delivery for the material. Once the PR has been authorized by user department then it is available to the inventory controller, or the materials management department, who are responsible for handling all the materials in the organization. STEP 3: FINAL APPROVAL OF PR/ROLE OF INVENTORY CONTROLLER At this stage, the authority may return the PR to the originator for modification or can approve it. Then, the PR is to be first approved by the head or the senior authority of the user department. This document normally contains description of material, quantity, approximated cost, material requirement date, preferred or standard vendor etc. This is the first stage, at which the user department (say, Maintenance, Production, Sales and distribution, administration, accounts etc) identifies their requirements, that is what are the items they require and based upon which they create a document called as the Purchase requisition /Purchase request (PR). For ease of understanding I have kept the language of the whole article very simple and specific to the topic. Thus, for all such enterprises the procurement process is very important, so here in this article we will try to focus on the P2P process of an enterprise. That’s why, now a day’s the sourcing and procurement functions are being examined, by the companies, in order to find ways to cut costs and control spending. ![]() ![]() ![]() Increasing the top line or the revenues in today’s competitive markets is not a very easy option. Basically, there are two ways to do it, either to increase the top line or reducing the cost. All enterprises and corporate aspire to improve their bottom line.
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