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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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