Pre-requisites

1.
iProcurement Preferences
a. Set up delivery details
2.
Receiving Items
a. Open inventory GL period (Navigation: Purchasing Responsibility > Setup >
Financials > Accounting Period > Control Purchase Periods
3.
Retropricing
a. Set profile PO: Allow Retroactive Pricing of POs to All Releases (Navigation: System
Administrator > Profile > System)
b. Set Retroactive Price Adjustment Account (Inventory > Set up > Receiving)
Inventory Module
1.
Initial Inventory
a. Miscellaneous Transactions (Navigation: Inventory > Transactions > Miscellaneous
Transaction
2. Receiving Transactions (Navigation: Inventory > Transactions > Receiving
a. Initial Receipt
b. Final Receipt
c. Corrections
3. Average costing
a. Looking at costing (Navigation: Inventory > costs > item costs)
b. Update Average Costing (Navigation: Inventory > costs > Average Cost Update
4. Handling inventory
a. On-hand inventory (navigation: inventory > On-hand, availability
b. Sub inventory Transfer (Navigation: Inventory > Transactions > Subinventory
Transfer
c. Transaction Summaries (Navigation: Inventory > Transactions > Transaction
Summaries
5. Transacting RIS
6. Retropricing of PO lines

Questions:
1. If prices at receipt are different from PO prices, is the PO edited and re-submitted for approval?
2. Who will allocate the items to the Requesting Units? Accounting or SPMO?
3. For Non-Common Use Items received by Requesting Unit, whose account will initially receive the
items? SPMO or Requesting unit employee?