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First Impressions Matter: In many cases, the Sales Quotation is the first formal documentation a potential customer will receive from a business. As such, it represents the company's professionalism, attention to detail, and understanding of the client's needs.

In this course, you will find information on how to use Sales Quotations effectively in Odoo.

The Drop Shipping process involves fulfilling customer orders by directly shipping products from suppliers or manufacturers to end customers, bypassing traditional inventory storage and management. This method reduces warehousing costs and improves order fulfillment efficiency.

The Purchase Order process involves issuing official documents to vendors, detailing specific goods or services to be purchased, quantities, prices, delivery dates, and terms of sale. This process formalizes purchasing agreements and serves as a legal contract between the organization and its suppliers. Key activities in this process include:

1. Purchase Requisition: Generating purchase orders based on approved purchase requests or direct procurement needs.
2. Vendor Communication: Sending purchase orders to selected vendors, confirming order details, and obtaining order acknowledgments.
3. Order Tracking: Monitoring the status of purchase orders, tracking delivery timelines, and managing order changes or cancellations.
4. Receipt Confirmation: Confirming receipt of goods or services against purchase orders and resolving discrepancies.
5. Invoicing and Payment: Processing vendor invoices based on received goods or services and ensuring timely payment according to agreed-upon terms.
6. Contract Compliance: Ensuring that purchase orders comply with contractual agreements, pricing terms, and quality standards.

The Vendor Bills process involves reviewing, verifying, and processing invoices received from vendors for goods or services rendered to the organization. This process ensures accurate financial record-keeping, timely payment processing, and adherence to budgetary constraints. Key activities in this process include:

1. Invoice Receipt: Receiving invoices from vendors through electronic or physical channels, ensuring completeness and accuracy of documentation.
2. Invoice Verification: Reviewing invoice details against purchase orders, contracts, and receiving records to confirm accuracy of billed amounts, quantities, and terms.
3. Approval Workflow: Routing invoices through appropriate approval channels, obtaining necessary authorizations, and ensuring compliance with internal controls.
4. Payment Processing: Initiating payments to vendors based on approved invoices and established payment terms, including scheduling payments for timely disbursement.
5. Discrepancy Resolution: Resolving discrepancies such as pricing errors, quantity discrepancies, or billing disputes through communication with vendors or internal stakeholders.
6. Documentation and Filing: Maintaining organized records of vendor invoices, approvals, and payment transactions for auditing and financial reporting purposes.