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MM330 Purchase Requisition Creator--Activity 1

AB
Purchase Requisition CreatorA person who has the ability to assign a desired vendor to a requisition.
Purchase OrderRequest or instruction from a purchasing organization to a vendor.
PCardUsed to purchase non-stock materials or travel related expenses.
RequisitionA request to Purchasing to procure a certain quantity of a material to be available for a certain point in time.
Blanket purchase orderA longer term purchase order.
Stock OverviewGives you the ability to view inventory on hand at the Plant and Storage Location.
MMBETransaction Code used to run a Stock Overview
ContractA longer-term type of outline purchase agreement.
QuantityThis type of contract is regarded as fulfilled when release orders totalling a given quantity have been issued.
ValueThis type of contract is regarded as fulfilled when release orders totalling a given value have been issued.

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