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Receiving items with less then PO price
After we raise a PO and the po is approved and we do receiving but at the time of receiving if the price of the item is less then the PO price do we update the price in receipt and can anyone give the steps.
mejigs
- Apr 5th, 2011
Hi,While receiving if Invoice received is different than PO price, Standard Purchase price variance (PPV) report can be used to report the difference. Optionally you can revise PO (it will create a new revision for PO) and get approvals before receiving it.Thanks,Jigisha
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Blanket Purchase Order.
What is blanket purchase order? when do we use it?
mejigs
- Apr 5th, 2011
Blanket Purchase order can be used when - Duration of contract is fixed- Buyer knows which items to be purchased (fixed set of items)- Quantity of items is unknown- Price given by supplier is fix...
vimalasridhar
- Mar 16th, 2011
Blanket Purchase Agreement is raised for long term contract with the supplier. We have price breaks in this. We can create BPA for the item to be supplier by the supplier though we do not know quantit...
