Question: When the purchasing department gets a Purchase Requisition (PR), they have 3 choices on how to proceed: If the item is an in-stock item, the

When the purchasing department gets a Purchase Requisition (PR), they have 3 choices on how to proceed:

  • If the item is an in-stock item, the requisition is stamped "In Stock" and returned to the requesting department (who can pick it up from inventory).
  • If the item is on contract, the PR is entered into the computer on the PO screen. The computer prints two copies of the Purchase Order (PO) and stores the info in the PO File. One copy is stapled to the PR and filed by PO number. One copy is mailed to the contract vendor.
  • If the item is not on contract, the PR is entered into the computer on the RFB screen. The computer prints four copies of the Request for Bid (RFB) and stores the info in the RFB File. One copy is stapled to the PR and filed by date. The other three are mailed to different vendors.

-Draw a flowchart for this procedure in Purchasing (no one else).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

TRIPLE PLAY,ING Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim "Blucfish" Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality...

Q:

TRIPLE PLAY, INC Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim Bluefish Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality...

Q:

TRIPLE PLAY, INC Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim "Bluefish" Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality...

Q:

You have been recently employed as an accountant for Sharp Apparel Pty Ltd, an Australia manufacturer of women's clothing. The CEO, Ms Barbara Sharp, is looking to expand the business in the coming...

Q:

You have been recently employed as an accountant for Laurel Pty Ltd, an Australia manufacturer of car parts. The CEO, Mr Laurel, is looking to expand the business in the coming years and is seeking...

Q:

Kida Company Part I: Expenditures: In 2017 Kida Company purchased more than $90 million worth of office equipment under its special ordering system, with individual orders ranging from $5,000 to...

Q:

Kida Company Part I: Expenditures: In 2017 Kida Company purchased more than $90 million worth of office equipment under its "special" ordering system, with individual orders ranging from $5,000 to...

Q:

1). Instructions 2).Bid proposal RP3409W13 kayaks 3).Bid Tabulation( RP3409W13) 4).Bid proposal X598Q659 Alumni magazine 5).Bid tabulation ( X598Q659) 6).Purchase order template Attached you should...

Q:

can these info sheets be sent with photos i sent in. cation: Expected format: unexpected changes to record activity related to a MPS and how to mitigate Planning and Scheduling (2020), pp. 160-161,...

Q:

Last year the Diamond Manufacturing Company purchased over $10 million worth of office equipment under its "special ordering" system, with individual orders ranging from $5,000 to $30,000. Special...

Q:

A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an interstate highway. The restaurant's business strategy is to serve its core customer...

Q:

The production process at Premier Castings includes eight processes, each of which is currently treated as a cost center with a specific set of operations to perform on each casting produced....

Q:

8. What is revenue?

Q:

List and describe the five components of the Instructional Systems Design model for training and development. Please ensure your list your components is order with a numbering system#1 being first...

Q:

1. To provide an understanding that a person in a communication situation conveys three things at the same time: their position, basic interests and values.

Q:

4. What is meant by the statement: We are extremely limited in our willingness to allow others to put their own case in a social situation?.

Q:

8. Give three examples of how the level of confidence one has in someone can affect a communication situation.