A procedure by which one or more authorized persons (e.g. a cost center manager) give(s) the go-ahead or "green light" to procure a material or external service.
The following purchasing objects can be released:
Purchase requisitionsA requisition (regarded as an internal purchasing document) cannot be converted into a follow-on document until it has been released.
External purchasing documents (RFQs, purchase orders, contracts, scheduling agreements and service entry sheets)An external purchasing document cannot be issued to a vendor until it has been released.
Note
Requisitions can be released either item-wise or in total. External purchasing documents can only be released in total.
Example
You can specify that purchase orders with a total value exceeding $10,000 must be approved (given the go-ahead) by the project manager before they are issued to vendors.
More terms such as release procedure in Dictionary R.
- Manual Reported Quantity:
- Help The quantity of a brand owner's product carried by the channel partner reported as on an effective date release procedure definition.
- Manual Reservation Of Priority:
- Help German law A means of establishing priority of rights within special parts of the land register release procedure explain.
- Manual Reduced Excise Duty Rate:
- Help In special circumstances, the excise duty authority will collect excise duty at a reduced excise duty rate. The use of a reduced rate will normally be controlled by a licence issued by the authority release procedure what is.
- Manual Record Model:
- Help records. You need to select a record model when creating each new record. A record model is instantiated in every record for which it is selected. Records based on the same record model always have release procedure meaning.
- Manual Reusable Structure:
- Help that is saved so that it can be used again in an InfoCube. Reusable structures enable you to use parts of a query definition again in other queries. These structures are freely definable reports release procedure abbreviation.
