Purchasing Process
Purchasing Process includes as usual 8 main stages as follows:
- Market survey
Requisitioning
- Approving
- Studying Market
- Making Purchase Decision
- Placing Orders
- Receipting Goods and Services Received
- Accounting Goods and Services
- Receiving Invoices and Making Payment
- Debit note in case of material defect
Read more about this topic: Purchasing Management
Famous quotes containing the words purchasing and/or process:
“Fashion is the most intense expression of the phenomenon of neomania, which has grown ever since the birth of capitalism. Neomania assumes that purchasing the new is the same as acquiring value.... If the purchase of a new garment coincides with the wearing out of an old one, then obviously there is no fashion. If a garment is worn beyond the moment of its natural replacement, there is pauperization. Fashion flourishes on surplus, when someone buys more than he or she needs.”
—Stephen Bayley (b. 1951)
“The toddler’s wish to please ... is a powerful aid in helping the child to develop a social awareness and, eventually, a moral conscience. The child’s love for the parent is so strong that it causes him to change his behavior: to refrain from hitting and biting, to share toys with a peer, to become toilet trained. This wish for approval is the parent’s most reliable ally in the process of socializing the child.”
—Alicia F. Lieberman (20th century)