Parallel Approval in Core Purchasing

We have a requirement that
a) Purchase Requisition/Purchase Orders (PR/PO) goes to approval hierarchy.
b) It should go to 2-3 people at same level, so that if someone is on unplanned leave, then at least other person(at same designation) can see it & approve it.
c) If one person has approved it, then it should not be present in the inbox of other persons at same level.
d) If the person above in hierarchy has rejected the PR/PO, then also the rejected PR/PO should come to 2-3 persons so that if someone is on unplanned leave, then at least other person(at same designation) can see it & re-process it.
Q1) Can this be achieved in core purchasing with position hierarchy set up?
Q2) Or is it achievable only by doing AME set up?

You cannot achieve it thru position hierarchy. For that you have to go for AME setup.

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