Stages in PTP Cycle 1. Pre-purchase Vendor identification Vendor evaluation Vendor selection Vendor set-up 2. Purchase Purchase requisition Purchase order 3. Post-Purchase Receiving Invoice handling Invoice processing Payment processing
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The PTP cycle consists of three main stages: Pre-purchase, Purchase, and Post-Purchase.
Pre-purchase stage involves vendor identification, evaluation, selection, and set-up.
Purchase stage includes purc...read more
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