Overview:
On a weekly or more frequent basis, purchase orders should be reviewed and ultimately closed. Purchase Orders should be closed when:
- All materials/goods have been received
- AP Invoices have been received and posted in PENTA
- No outstanding PO Change Orders exist
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
Location:
- Purchasing > Purchase Order Grid Option
Video: