Creation of company code

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Procurement Process

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Procurement Cycle Procurement Cycle  h as the following steps. Determinations of Requirements: (ME51N)  In this step Material Requirements are identified which must be procured externally from the user. Purchase Requisition (PR) is created using ME51N t-code. Determination of the source of supply:  As a purchaser, we can use determination of the source of supply to create requests for quotation (RFQs) and then enter the quotations. In addition, we can refer to contracts and conditions that already exist in the system. Vendor selection:  System selects vendors by making price comparisons between the various quotations. Purchase order handling: (ME21N): In this phase information is acquired from the Requisition and the Quotation. Purchase Orders can be generated by the system or they can be created manually (ME21N).   Purchase order monitoring:  We can monitor the processing status of the purchase orders. We can remind the vendor...
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Split Valuation for Materials

‘ Split Valuation ’ allows sub stocks of the same material to be managed in different stock accounts. This allows sub stocks to be valuated separately, and every transaction is carried out at the substock level. So, when processing a transaction, it is necessary to mention the substock. The ‘ split valuation ’ is necessary if the material has: Different Origins Various Levels of Quality Various Statuses Difference between delivery times It is also required in situations where you need to make a distinction between   ‘in- house produced materials’   and ‘ materials procured externally, ’ or if there is a distinction between ‘ different deliveries. ’
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