Can someone please educate me on the concept of Asset procurement without vendor. I create PO > GRPO > AP invoice> Out going Payment.After that if i run the acquisition without vendor. Follow simple steps for asset sale and document display. Download Minnesota Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. The vendor overview is a general guide to assist new or returning vendors learn how to navigate the vendor registration process. All purchases must meet the definition of a capital asset and have an approved budget and appropriate authorization prior to purchase.