End-To-End-Procurement Process Simulation:Business Training Exercise

This is a business training-related exercise designed for professional skill development. GBI is a company that re-sells a range of bicycles. Here, there is a customer request for a Deluxe Touring Bike (black). Upon checking stock levels, it is identified that this item needs to be procured. The procurement process must be initiated. The Deluxe Touring Bike (black) is sourced from an existing vendor in the system, Olympic Protective Gear. A purchase order is created and sent to the vendor. Once the goods are delivered, a goods receipt is recorded to confirm physical stock receipt. An incoming invoice from the vendor is then entered into the system. Vendor payment is posted, and the financial impact on the General Ledger is reviewed. Est. Budget: $120.00 Milestone 1: End-to-End Procurement Process Simulation: Business Training Exercise Due: 15th June 2026, 12 noon IST