28-07-2012, 03:41 PM
Purchase Order Procedure
Purchase Order Procedure.ppt (Size: 227.5 KB / Downloads: 27)
Purpose
This presentation reviews the paperwork process for purchasing parts and supplies by the parts and supplies department at Farside Electronics Co.
Understand the following terms:
Purchase requisition—a business form completed by authorized employees listing the merchandise needed for a department or project.
Purchase order—a business form prepared by the parts and supplies manager to place an order with a vendor.
Terms cont.
Invoice—a business form prepared by the vendor and delivered to the company that shows the description of the goods purchased and their costs.
Receiving report—a business form prepared by the shipping and receiving department that lists the quantity, description and condition of the merchandise received.
Accounts payable—the amount of money owed to vendors for purchases.
Cash disbursement—the cash payment made to vendors for merchandise purchased
Inventory record—file that shows the quantity, description and price of all the merchandise in stock
Vendor—a supplier of merchandise to companies for use or resale.
Step 1–Purchase Order Procedure
Complete the purchase requisition form and take it to the parts and supplies manager.