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P2P Procurement Process Overview

The document outlines the procure to pay (P2P) process for two IT companies. It involves requisitioning goods, getting supplier quotations, purchasing through a purchase order, receiving goods, updating inventory, invoicing and payment. For the Hyderabad company, HP was selected as the supplier and goods worth 145,000 were received. For the Chennai company, HP provided a quotation of 645,000 and goods worth 145,000 were received from them as well through the same P2P process.

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Bhupanapadu Naveen
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72 views6 pages

P2P Procurement Process Overview

The document outlines the procure to pay (P2P) process for two IT companies. It involves requisitioning goods, getting supplier quotations, purchasing through a purchase order, receiving goods, updating inventory, invoicing and payment. For the Hyderabad company, HP was selected as the supplier and goods worth 145,000 were received. For the Chennai company, HP provided a quotation of 645,000 and goods worth 145,000 were received from them as well through the same P2P process.

Uploaded by

Bhupanapadu Naveen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Products P2P(Procure to Pay)

Employee IT Company Hyderabad


Laptops Buyer (Madhav Kumar)
Mouses Manager Manager
Keyboards IT(10) HR(5)
Books
Stationary
Furniture First Step Requisition
AC Quatation Analasys
Select the best Supplier(HP)

Second StePurchasing(PO) --- HP

Third Step Goods Receive

Fourth Create Receipts


Receive/Accept
Delivery (Inventory Update)

Fifth Raise Invoice to HP Supplier


145,000

Sixth Payment on the Invoice


Payment to HP Supplier
145,000

Seventh IT Company Account Debit


145,000
T Company Hyderabad Quotation Suppliers
uyer (Madhav Kumar) 150,000 Dell
Manager Manager 145,000 HP
Finanace(8) Inventory(4) 151,000 Lenova
141,000 Asus

(Requirements Gathering)

Order Details
3 Laptos
3 Mouse
3 Key Boards

3 Laptos Warrenties
3 Mouse Invoices Copies
3 Key Boards

3 Laptos
3 Mouse
3 Key Boards

HP Supplier Credit
145,000
Products P2P(Procure to Pay)

Employee IT Company Chennai


Laptops Buyer (Selva Raj)
Mouses Manager Manager
Keyboards IT(10) HR(5)
Books
Stationary
Furniture First Step Requisition
AC Quatation Analasys
Select the best Supplier(HP)

Second StePurchasing(PO) --- HP

Third Step Goods Receive

Fourth Create Receipts


Receive/Accept
Delivery (Inventory Update)

Fifth Raise Invoice to HP Supplier


145,000

Sixth Payment on the Invoice


Payment to HP Supplier
145,000

Seventh IT Company Account Debit


145,000
P2P(Procure to Pay)

IT Company Chennai Quotation Suppliers


Buyer (Selva Raj) 150,000 Dell
Manager Manager 645,000 HP
Finanace(8) Inventory(4) 151,000 Lenova
141,000 Asus

(Requirements Gathering)

Order Details
10 Laptos
10 Mouse
10 Key Boards

3 Laptos Warrenties
3 Mouse Invoices Copies
3 Key Boards

3 Laptos
3 Mouse
3 Key Boards

HP Supplier Credit
145,000
COMPANY NAME LOC
10001 101
10001 102
1 520 5250
2 0 1110
Company Name Department Account
0 0 1.520.5250.0.0 Hyderbad
0 0 2.0.1110.0.0 Chennai
Sub-Account Product

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