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Inventory Control and Purchasing Process

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prsnlrabbygerosa
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64 views4 pages

Inventory Control and Purchasing Process

Uploaded by

prsnlrabbygerosa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Inventory Contro

prepares 2-pa

Purchase R

Copy 1

Purchasing Clerk selects supplier & prepares


part Purchase Order

Purchase Order - 3 copies

Copy 1

Supplier

Receiving Clerk inspects goods & prepares 3-


part Receiving Report

Receiving Report - 3 copies


Copy 2
Copy 1 with Goods
Copy 3

Supplier Invoice Stores secures goods Inventory Contr


RR Filed with PO in Accounts Payable
Start

ol Clerk examines records &


art Purchase Requisition

Requisition - 2 copies

Copy 2

s 3-
Requisition Filed in Inventory Control

Copy 3

PO Filed in Purchasing Dept

Copy 2

trol posts to records & files RR PO Filed Temporarily in Accounts


Payable
Match PO, RR, and Invoice?

Y
No

Record in Purc
Resolve discrepancy

On due date, pr

Cash Disburse

Check
Check R

Supplier Paid
Payable

Yes

chases Journal & update A/P


Subsidiary

repare Voucher & update A/P

ements Clerk prepares Check

Register Copy of Check filed in Cabinet

End

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