Overview:
On a weekly or more frequent basis, purchase orders should be reviewed and ultimately closed. Purchase Orders should be closed when the PO meets this criteria:
- All materials/goods have been received
- AP Invoices have been received and posted in PENTA
- No outstanding PO Change Orders exist
This video walks through several reporting options that should be utilized when reviewing open purchase 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
Location:
- PENTA Workbench > PO: Purchasing Reporting Center
Video: