NOTES

1.BOQ full form BILL OF QUANTITY

2.GST-
SGST-State God And service tax
CGST- center Good and Service tax
IGST - Integrated Good and service tax

Planning Your Healthcare Marketing Strategies

 Use consistent healthcare branding. ...
 Evaluate the online patient experience. ...
 Build a responsive healthcare website. ...
 Test site speeds. ...
 Optimize for prospective patients search engine results. ...

Store Manager top skills & proficiencies:

 Budgeting
 Accounting and Finance
 Marketing
 Retail Management
 Leadership
 NOTES
 Ability to Motivate Others
 Delegation
 Customer Focus
 Quick Learner
 Multi-Task Skills
 Team Player
 Customer Focus
 Pricing
 Staffing
 Vendor Relationships
 Market Knowledge

PURCHESE ORDER PROCUDUER

The purchase order procedure commences with the order approval which is enacted by the approver on the request raised by the department
which is in need of the raw material.

Once the approval is given, the PO is sent back to the requisitioner i.e., the concerned department and from there it is sent to the supplier for his
acceptance.

Once the purchase order is accepted by the vendor, it becomes a legally binding document which outlines the required items, the agreed-upon
price, delivery expectations and payment terms.
 NOTES
The journey mentioned above is a complete cycle that you get to see in bigger business and business who are well-organized. It is also
possible one may simply raise a purchase order without the need for approval because the procurement process followed by the business does
not need it.

There is no question of right or wrong, as long it meets the business needs, you are free to follow any purchase order cycle.

Details of purchase order

Purchase orders contain the details ranging from products that are ordered to shipping address. Below are details that usually forms part of
purchase order:

 Products that are ordered

 Quantities i.e., (kg, meters, numbers etc.,)
 Price at which it is ordered
 Name of the vendor to whom the purchase order is being sent
 Shipment address or delivery location where the goods are required
 Billing address of the company
 Terms and conditions of payment.
 Due date of delivery/consignment
NOTES
 NOTES


Sample purchase order format

 The process begins with recording the purchase orders basic details and creating the requisition for internal approval.
 The requisition then needs to be approved by a manager or the finance department or any other required officer before the PO is created
and sent to the supplier.
 The vendor or the supplier is automatically notified and invited to review the purchase order.
 The supplier either accepts the order or declines it, in which case a reason must be provided and sent back to the buyer.
 In case the vendor accepts the order and delivery date is confirmed, the final details are sent to the receiving department.
 Next steps involve receiving goods, physical verification of goods, receiving invoice and payment to the vendor within agreed terms.

As mentioned, the order process followed by the business differs from each other. It is possible that you may choose not to have certain steps
as illustrated based on business needs.

Purchase order vs purchase invoice

The following table highlights the key difference between purchase order and purchase invoice

Purchase order Invoice

Purchase order is a contract or Purchase invoice is a bill issued after

confirmation of that the order for such a fulling the delivery and request for the
material is placed payment
 NOTES
Buyer initiates and sends to the supplier Supplier initiates and sends it to the
buyer

It is issued before receiving the goods It is issued after or along with the
delivery of goods by the supplier.