E1: 43: Procurement Process Functional Overview
(Doc ID 1345967.1)
Last updated on FEBRUARY 06, 2020
JD Edwards EnterpriseOne Procurement and Subcontract Management - Version XE and later Information in this document applies to any platform.
Procurement is the process of obtaining products and services from suppliers. It includes decisions about how much and when to purchase goods and services, the actual purchasing of goods and services, and the process of receiving the requested goods or services. The purchasing cycle ensures that the appropriate quantity and quality of equipment, material, supplies, or services are acquired at the best price and from the most appropriate source. Procurement involves and affects more departments than just the purchasing department.
An integrated procurement system provides the purchasing professional with links to information across all of an organization's functions and departments. Some of the links include activities and information, including receiving transactions, order revision data, supplier profiles, accounts payable status, special order processing, and the tracking of incoming purchases through receipt routing.
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