Understanding the Procurement Cycle

This table lists the major steps of a typical procurement cycle and the user who performs each step:

Step	User
Purchase order creation and dispatch.	Buyer
Purchase order acknowledgement	Supplier
Purchase order acknowledgement change approvals.	Buyer
Purchase order shipment notification (status update or receipt routing).	Supplier
Movement in route.	Supplier or third-party
Purchase order receipt creation.	Buyer Note: The supplier can review the purchase order receipt.
Voucher creation.	Buyer Note: The supplier can review the voucher information.
Payment creation.	Buyer Note: The supplier can review the payment information.

With the exception of purchase order creation and voucher creation, the SRM portlet exposes these transactions.