APPLIED ERP: BUSINESS PROCESS IN PROCUREMENT (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Create material master records, vendor master records, and purchasing information records; Create purchase requisitions, requests for quotations , contracts, and purchase orders; Create goods receipts and incoming invoices and display the documents generated when they are posted; Analyze the postings that occur when goods receipts and invoices are entered; Differentiate between the moving average price material valuation procedure and the standard price valuation procedure; Use the various options for optimizing purchasing.

Topics:

1. Navigation;
2. Basics of Procurement;
3. Master Data;
4. Procurement of Stock Material;
5. Procurement of Consumable Material;
6. Procurement of External Services;
7. Automated Procurement;
8. Reporting and Analysis Functions;
9. Sources of Supply;
10. Source Determination;
11. Optimized Purchasing and Invoicing Plan;
12. Document Release Procedure;
13. Invoice Entry;
14. Variances and Invoice Blocks;
15. Subsequent debits, delivery costs, and credit memos;
16. GR/IR Account Maintenance;
17. Review Material (Level 3).