Wednesday 18 July 2012

Service Entry sheet

The service entry sheet is used to record services as they are actually
performed by the vendor or subcontractor. In the case of planned services, the
services actually performed are recorded in the entry sheet with reference to
the specifications already entered in the PO. In the case of unplanned services
(defined only in the form of money limits in the PO), the service entry sheet
constitutes the document in which precise specifications are entered into the
system for the first time.
Steps in procurement of services
The procurement of services may involve the following phases:
·
Creation of purchase requisition
·
Determination of possible sources
·
Invitation to potential service providers to submit bids (creation of RFQ)
·
Entry of quotations (bids)
·
Analysis and evaluation of quotations
·
Award of contract (order placement)
·
Entry of services actually performed
·
Acceptance of services performed· Checking and approving invoices submitted by vendors for services performed

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