Finance > QUESTIONS & ANSWERS > GFEBS L250E Acquisition Process Overview (All)
GFEBS L250E Acquisition Process Overview Spending Chain Process ✔✔The Acquisition process: Material Master Data Vendor Master Data Procurement with Logistics The Accounts Payable process Ma... terial Master Data ✔✔sub-process encompasses the creation and maintenance of material master data. The main activity associated with this sub-process is: Perform Material Configuration: Source, maintain, and apply material master data. Vendor Master Data ✔✔sub-process encompasses the creation and maintenance of vendor master data. The activities associated with this sub-process are: Create Vendor Master Data: Manually create or receive vendor master data from the Army Enterprise System Integration Program (AESIP). Process Vendor Master Data: Manage and maintain vendor master data. Procurement with Logistics ✔✔sub-process includes all the steps necessary to purchase goods and services. The activities associated with this sub-process are: Create/Change Purchase Requisition (PR): Create a PR for goods or services that results in a commitment of funds. PR Approval: After a PR is approved, its status is changed from "Blocked" to "Unblocked". If the PR is: An Standard Procurement System (SPS) PR document type, it is transmitted to the SPS contract writing system. A Military Interdepartmental Purchase Request (MIPR), once approved, the Department of Defense (DD) Form 448 can be printed using GFEBS and sent to the performing agency. A Miscellaneous Pay PR, it will not be subject to PR approval work flow. Create/Change Purchase Order (PO): Create, process, and change obligations. Accounts Payable ✔✔The Accounts Payable process contains two main activities post invoice and payment program Post Invoice ✔✔The Post Invoice activity addresses the processing of all invoices whether or not they are subject to Prompt Payme [Show More]
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[SOLVED] GFEBS BUNDLED EXAMS QUESTIONS AND ANSWERS WITH COMPLETE AND VERIFIED SOLUTIONS
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