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PR-001Active Version 2.4
Procurement to Pay
Comprehensive end-to-end organizational workflow governing the request, purchase, receipt, and payment for goods and services within the enterprise ecosystem.
monitoring
Linked KPItrending_up
Cost Efficiency
Performance is 12% above quarterly target.
Owner Unit
Finance
Owner Position
Senior Manager
Last Audit
14 Oct 2023
Complexity
Moderate
Process Lifecycle Sequence
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Procurement Strategy
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Active Stage
Procurement to Pay
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Next Stage
Vendor Payment
Activity Sequence Breakdown
01
Activity Name
Requisition Review
Responsibility
Procurement SpecialistResources
2 HC
2 Days
warningUnderstaffed (High Load)
02
Activity Name
Vendor Selection
Responsibility
Sourcing LeadResources
5 HC
5 Days
check_circleBalanced (Med Load)
03
Activity Name
Purchase Order Issuance
Responsibility
Admin SupportResources
1 HC
1 Day
infoOverstaffed (Low Load)
Strategic Dependencies
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Upstream Dependency
Vendor Onboarding
Data from master vendor records must be validated and synchronized before requisition can commence.
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Downstream Dependency
Financial Audit
The outcome of PO Issuance serves as primary evidence for quarterly internal control assessments.
Compliance Critical