In the procurement process an account determination must be made so that it is know which GL account to assign to the PO. This is defined in the Material Master.

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A purchase requisition is a communication sent to vendor in which a company commits to purchasing the specified materials.

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Master Data involved in the procurement process is: client, company code, plant (receiving plant), storage location, purchasing organization, purchasing group.

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In the procurement process the stock type / status must be defined. This identifies how the company can use the materials in various processes. Unrestricted mans the material can be used in any manner. In quality inspection means the material can be withdrawn for sampling inspection. Blocked status mean the material are damaged or unstable. Stock in transit means materials are being moved from one plant to another.

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Organizational Data involved in the procurement process is: material master, vendor master. Purchasing Information Records, Conditions (pricing)

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When a company receives a vendor invoice it verifies the invoice as accurate before it makes payment. Companies use a three way match between purchase requisition, goods issue and the invoice.

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