MM Cycle:

Purchase Requisition-> STaff in an orgn places Pur requisition for want of some goods/products - ME51

Request for Quotation(RFQ)-> The Purchase dept in the orgn calls/requests for the quotation for the products
against which PR was raised. - ME41

Vendor Evaluation->After receving the RFQ's, after comparison a Vendor is finalised based on the terms and
conditions.

Purchase Order(PO)-> Pur order was issued to that vendor asking him to supply the goods/products -ME21N

Goods Receipt Note(GRN)->Vendor supplies the material/Products to the orgn-

MB01
Goods Issue (GI) -> People receives their respective itesm for which they have placed the Requisitions

Invoice Verification-> ALong with the Material Vendor submits a Invoice for which the Company Pays the amount
- .MIRO

MM FLOW
Transaction Codes:
RFQ to Vendor - ME41
Raising Quotation - ME47
Comparison of Price - ME49
Creation of PO - ME21N
Goods Receipt - MIGO
Invoice (Bill PAssing) - MIRO
Goods Issue - MB1A
Physical Inventory - MI01( Create doc)
MI04 (Enter Count) -
MI07 (Post) -