Difference between revisions of "4WM"

Latest revision as of 01:35, 22 August 2020

4WM is the IV practice of matching four documents prior to approving payment of a supplier invoice:

Purchase Order or Scheduling Agreement
GR
Inspection Report or COA
Supplier Invoice

Generally data elements include: Grade, Volume (quantities), Price, Condition and other terms such as penalties for late delivery, discounts for early delivery or payment.

Hierarchy

ID	Name	Level	x
IV	Invoice Verification	1	IV
4WM	Four-Way Matching	2	4WM

Process(es)

ID	Name	Level	x
S107	Approve Payment	3	S107
S208	Approve Payment	3	S208
S309	Approve Payment	3	S309

Four-Way Matching Invoice Verification 4 2 {{{keywords}}} {{{description}}}

Revision As Of 17:43, 10 March 2017 (View Source) ORwiki (talk) m (Text replacement - "PO" to "Purchase Order") ← Older Edit	Latest Revision As Of 01:35, 22 August 2020 (View Source) Orwiki (talk \| contribs) m (1 revision imported)
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