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Explain Purchasing Process? |
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Answer» Purchasing is the formal PROCESS of buying goods and services. The purchasing process can vary from one organization to another, but there are some common key elements.The process usually starts with a demand or requirements ? this could be for a physical part (inventory) or a SERVICE. A requisition is generated,which DETAILS the requirements (in some cases providing a requirements SPECIFICATION) which actions the procurement department. A request for proposal (RFP) or request for quotation Purchasing is the formal process of buying goods and services. The purchasing process can vary from one organization to another, but there are some common key elements.The process usually starts with a demand or requirements ? this could be for a physical part (inventory) or a service. A requisition is generated,which details the requirements (in some cases providing a requirements specification) which actions the procurement department. A request for proposal (RFP) or request for quotation |
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