1.

How Can Services Be Purchased?

Answer»

The services can be purchased by first creating a document in SYSTEM which forms the base of the purchasing process. This document can be a purchase requisition, an RFQ, or a purchase order. Now, determine the possible sources that can PROVIDE the service. For this, you can either select a new service or a service that has been previously used. If the service is requested for the first time, a bid invitation process is started. In the bid invitation process, you first NEED to create an RFQ and then record the incoming quotations in it. The best quotation is determined based upon CERTAIN factors, such as price, warranty period. The order is then placed to the successful bidder who receives either a standard purchase order or a RELEASE order issued against an existing contract.

The services can be purchased by first creating a document in system which forms the base of the purchasing process. This document can be a purchase requisition, an RFQ, or a purchase order. Now, determine the possible sources that can provide the service. For this, you can either select a new service or a service that has been previously used. If the service is requested for the first time, a bid invitation process is started. In the bid invitation process, you first need to create an RFQ and then record the incoming quotations in it. The best quotation is determined based upon certain factors, such as price, warranty period. The order is then placed to the successful bidder who receives either a standard purchase order or a release order issued against an existing contract.



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