What is the correct sequence of the purchase-to-pay process?
A) purchase order processing; goods receipt; invoice verification; payment processing; requirements determination
B) requirements determination; purchase order processing; goods receipt; invoice verification; payment processing
C) purchase order processing; requirements determination; goods receipt; invoice verification; payment processing
D) requirements determination; purchase order processing; invoice verification; goods receipt; payment processing

Question

Quizplus · Accepted Answer

The correct sequence starts with determining the requirements (what and how much is needed), followed by processing the purchase order (placing the order with the supplier), receiving the goods (the physical receipt of the goods), verifying the invoice (ensuring the invoice matches the goods received and the purchase order), and finally processing the payment (paying the supplier). This sequence ensures that only goods that are needed and correctly received are paid for.

What Is the Correct Sequence of the Purchase-To-Pay Process