Overview:
On a weekly or more frequent basis, purchase orders Purchase Orders should be reviewed and ultimately closed. Purchase Orders should be closed when the PO meets this criteria:
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This video walks through several reporting options that should be utilized when reviewing open purchase ordersPurchase Orders.
Benefits:
- Closing Purchase Orders automatically sets the remaining open committed amount to zero. Total Committed = Total Booked
- Ensures all open committed amounts are closed out when PO's are complete
Roles:
- Purchasing Agent
- Purchasing Manager
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