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This video covers meaning of Purchase Process or Material Procurement Process. It covers various elements of process like Bill of Material (BOM), Material Requisition Note (MRN), Purchase Requisition (PR), Quotations, RFP, NIT, Purchase Order, Goods Received Note (GRN), Material Returned Note, Invoice and Payment. It is Part 2 of Chapter 2 - Material Cost of Paper 4 - Cost and Management Accounting for CA Inter. It is based on ICAI Study Material (Modules). It is relevant for CA Inter May-2024 attempt onwards (May 25/ Sept 25/ Jan 26). It is relevant for ICAI New Scheme of Education and Training (New Course of CA Inter). It is helpful in understanding the concept and to remember as well. Follow on: LinkedIn: / krupen-hathi-834772185 Instagram: https://instagram.com/krupenhathi?igs... Twitter (X): https://twitter.com/KrupenH?t=dWtg8G_... Facebook: / krupen.hathi Contact: cakyhyt@gmail.com This video is result of: ca inter jan 26 costing ca inter may 25 costing ca inter sept 25 costing costing ca inter material costing ca inter public procurement #material #materialcost #purchaseprocess #procurement #procurementprocess #costing #caintercostinglectures #cainter