Explain Release Strategy?

Question

Accepted Answer

Release strategy is a process to control the release of purchase requisitions and purchase orders based on predefined criteria.

Release strategy is used to ensure that the right people approve the purchase requisitions and purchase orders.
It involves setting up release codes, release groups, and release indicators.
Release codes are used to define the approval levels and release groups are used to group together the release codes.
Release indicators are used to assign the release codes to the purchase requisitions and purchase orders.
For example, a company may have a release strategy that requires all purchase orders over $10,000 to be approved by the CFO.
Once the purchase requisition or purchase order has been approved by all the required approvers, it can be released for further processing.

Accepted Answer

It a procedure to block purchase requisition or purchase order until they will be approved by a manager depending on several criteria

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