Order
- Aparajita Basu Roy (Unlicensed)
- Subhasree Banerjee (Unlicensed)
In Procurement workflow, it is most important to document the ordering for both items (raw materials, non-inventory and finished goods) and services.
Procurement or purchase of either finished goods for trading or raw materials for manufacturing process is the base operation of Retail and forms the essential base for a company's
Bottom-line - The bottom line refers to the earnings of a company - profit, net income, or earnings per share (EPS). The reference to the bottom line describes the relative location of the net income figure on the income statement of the company.
and it's
Top-line - The top-line relates to gross figures reported by a company, such as sales or revenue. It is called the top-reline because it is displayed at the top of the income statement of a company, and is reserved for the reporting of gross sales or revenue. A company that increases its revenue or sales is said to be generating top-line growth.
to grow.
The purchase process necessarily starts with the placement of an order with the supplier or the vendor.
In certain situations, you might also need to cancel orders.
Ordering or purchasing services for actions that cannot be carried out with in-house personnel due to a lack of expertise and infrastructure. The following pages are all about ordering, cancellation, and invoicing of services.
Purchase Service Order allows users to order services for the organization.
Cancel Service Order shows how to cancel an order already placed.