Materials Management (V1201) Page 1 Materials Management Materials Management (V1201) Page 2 Process Overview Learning Objective Understand and perform a purchasing process cycle Scenario In order to process a complete purchasing process you will take on different roles within the GBI company, e.g. purchasing agent, warehouse worker, accounting clerk. Overall, you will be working in the Materials Management (MM) and the Financial Accounting (FI) departments. Before you start the purchasing process you create a new vendor (Mid-West Supply) in Lincoln. After checking the stock (empty) you are starting the procurement process by creating a purchase requisition. You then create a purchase order referencing the PR. Then, you will post the goods receipt and verify the physical receipt in stock. After creating an invoice you will post the payments to the vendor and review the G/L accounts. The graphic below displays the complete process (20 tasks). . Materials Management (V1201) Page 1 Materials Management Materials Management (V1201) Page 2 Process Overview. warehouse worker, accounting clerk. Overall, you will be working in the Materials Management (MM) and the Financial Accounting (FI) departments. Before you