A purchase order is a documented agreement with a vendor to procure items or services. It includes detailed information and tracks changes.

You can use this process to procure business objects and service items.

Business objects are items you can rent (rental business objects) or sell (inventory business objects). These items can be bulk or serialized. A serialized business object has a unique serial number.

If you purchase a rental business object, the on-hand rental inventory increases. If you purchase an inventory business object, the on-hand inventory increases.

Service items are services a company can purchase, such as maintenance. Purchasing service items does not affect inventory.

Rental business objects must have a fixed asset number. You must select the correct fixed asset group on the purchase order line.

Note:

• You assign the fixed asset group at the released product level. This defines whether a fixed asset is created on the purchase order. If you set 'New fixed asset' to Yes, a fixed asset is created and linked to the rental business object. If it is set to No, an inventory business object is created without a fixed asset.

Create and send purchase orders

Amend purchase orders

Return to vendor

Vendor Request for quotation