1. iLearningCampus.com Understanding by doing and learning by talking

2. iLearningCampus.com Understanding by doing and learning by talking Reporting and Analyzing Inventories

3. iLearningCampus.com Understanding by doing and learning by talking ■ Hope enjoying the series ■ Understanding the Concepts ► Have a Good Time !!

4. iLearningCampus.com Understanding by doing and learning by talking ►Reporting and analyzing Inventories Chapter 3

5. iLearningCampus.com Understanding by doing and learning by talking Overview - Procurement ► Procurement is a process of purchasing the material and/or services. ► It is executed through an agreement between a purchasing organization and the sourcing vendor. ► The terms of supply e.g. date of delivery, payment terms are agreed as per agreement.

6. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process Cycle

7. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle Purchase requisitionRequest for Quotation Goods receivedPurchase Order Quotation Outline agreement Payment Invoice received 12 56 3 4 8 7

8. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle Enclose: - Purchase requisition Purchase requisition manager Enclose: - Request for quotation Enclose: - Quotation Purchasing department Vendor Purchasing department Enclose: - Purchase Order Procurement ordering process Purchasing department employees in charge

9. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle The receiving process Enclose: - Packing Slip - Bill of Lading - Invoice for Freight Check: - Against Purchase Order - Physical check of goods Formality: - Receiving Report Submit : - Purchasing Department - Accounting department Receiving Clerk in charge

10. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle Characteristics of incoming materials are compared to the specifications. Testing is done using blue prints, using gauges, laboratory tests and visual inspection Inspection report is sent to all the relevant departments Quality control hand in charge

11. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle Receiving clerk prepares a moving ticket Material transferred to user or store If transferred to store - Inventory

12. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle.... Material is delivered on schedule to the manufacturing department Processing and assembling the final product Packaging, storage and shipment of the end product Final Stage

13. iLearningCampus.com Understanding by doing and learning by talking Procure to Pay (P2P) business process cycle Vendor A Invoice Manual Payment Manual Payment Check Bank Transfer Payment Program Payment Program PAYMENT PROCESS

14. iLearningCampus.com Understanding by doing and learning by talking Team – iLearning Campus