What Is The Difference Between Procurement For Stock And Procurement

1.	What Is The Difference Between Procurement For Stock And Procurement For Consumption?
Answer» In procurement for stock, when you order a material, the system does not require an account assignment because the posting to the APPROPRIATE stock and consumption occurs automatically every time the transaction related to GOODS takes PLACE. In procurement for consumption, you need to enter the account assignment (such as cost center) that specifies the purpose of consumption. On the receipt of goods, the material or service is SHOWN as it has been consumed. In procurement for stock, when you order a material, the system does not require an account assignment because the posting to the appropriate stock and consumption occurs automatically every time the transaction related to goods takes place. In procurement for consumption, you need to enter the account assignment (such as cost center) that specifies the purpose of consumption. On the receipt of goods, the material or service is shown as it has been consumed.

What Is The Difference Between Procurement For Stock And Procurement For Consumption?

Answer»

In procurement for stock, when you order a material, the system does not require an account assignment because the posting to the APPROPRIATE stock and consumption occurs automatically every time the transaction related to GOODS takes PLACE.

In procurement for consumption, you need to enter the account assignment (such as cost center) that specifies the purpose of consumption. On the receipt of goods, the material or service is SHOWN as it has been consumed.

In procurement for stock, when you order a material, the system does not require an account assignment because the posting to the appropriate stock and consumption occurs automatically every time the transaction related to goods takes place.

In procurement for consumption, you need to enter the account assignment (such as cost center) that specifies the purpose of consumption. On the receipt of goods, the material or service is shown as it has been consumed.

What Is The Difference Between Procurement For Stock And Procurement For Consumption?

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