[quote]<b>Purchasing FAQ'S</b>
1. Define Requition? - <span id='hl' style='background-color: yellow'>Requirement for an item</span id='hl'>
2. What are the types of requitions? <span id='hl' style='background-color: yellow'>Internal & External</span id='hl'>
3. What is the use of requition template? F<span id='hl' style='background-color: yellow'>or frequently created External Req, use can define templates to speed up data entry</span id='hl'>
4. What is the procedure for qequition import? <span id='hl' style='background-color: yellow'>Run Import Requisition conc program</span id='hl'>
5. What is ment by RFQ? R<span id='hl' style='background-color: yellow'>equisition For Quote</span id='hl'>
6. What are the types of RFQ?S?
7. What is ment by quatation and quotation analysis?
8. What is ment my PO? Purchase Order - l<span id='hl' style='background-color: yellow'>ist of items ordered from a specific vendor </span id='hl'>
9. What are the types of PO? <span id='hl' style='background-color: yellow'>Blanket, Contract or normal PO</span id='hl'>
10. What are the types of receipts?
11. What is ment by receipt routing?
12. What is the purpose of receiving transactions?
13. What is ment by receipt routing? Types? <span id='hl' style='background-color: yellow'>2-way, 3-way or 4-way</span id='hl'>
14. What is the use of auto creat? <span id='hl' style='background-color: yellow'>Automatically creates PO from a Requistion</span id='hl'>
15. What is ment by pay on receipt auto invoice? <span id='hl' style='background-color: yellow'>Used in 2-way routing, where once goods are received, you can run a conc program to transfer to Payables for paying</span id='hl'>
16. What do you mean by controlling buyers workload?
17. What is Matching? What are the various methods of matching?
18. What is the use of defining security hierarchy?
19. What is the difference between accrue at period end and accrue on receipt?
20. Why are expenses items typically accrued at period end, and why are inventory items always accrued on receipt?
<i><div align="right">Originally posted by cnubandi