Question:

What is procurement cycle?

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  1. Procurement cycle-a sale order is placed on a requirement
    made by a customer,after which it is passed on to create a
    purchase order(this could either happen based on the
    requirements on the SO,or a planned SO)the value flow gets
    passed on to FI at the time of goods movement.In the case
    of SD,the impact on FI happens only at the time of billing.

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