Is there a close short PO process in oracle fusion

Summary

Is there a close short PO process in oracle fusion. If yes what are the steps to do it.

Content

We would like to know if there is a close short PO process in Oracle fusion. As of now I can think of the below steps . PLease let me know if I am right

1. Create a PO and get it approved. Lets say 100 qty

2. Receive 80 Qty on the PO

3.Go ahead and close the PO for receiving

4. Run  transfer transactions from receiving to costing for cost management.

5.Create the PO Based invoice for the received quantity.

6. vALIDATE and pay the Invoice