Purchasing process flow

Purchasing is comprised of these main processes:

Process	Description
Setup	During setup, you must consider the purchasing requirements of your central reporting structure. For example, you will determine pricing requirements, buyer groups, vendor groups, and cost defaulting hierarchies. See the Supply Management Setup and Administration Guide.
Creating and issuing purchase orders	When you create and issue purchase orders, you specify items and item quantities to order and then send that information to the vendor. There are various methods to create and issue purchase orders that you can use to customize the order process to suit your business.
Receiving goods	Receiving goods is the process of accepting items from the vendor. There are options for receiving goods that allow you to accept, reject, or only accept under certain conditions.
Posting to the Global Ledger	At the end of a transaction period, you can close Purchasing so that all transactions for that period are posted to the general ledger. This process ensures accurate transaction balances for your organization.