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)
“There was only one catch and that was Catch-22, which specified that a concern for one’s own safety in the face of dangers that were real and immediate was the process of a rational mind.... Orr would be crazy to fly more missions and sane if he didn’t, but if he was sane he had to fly them. If he flew them he was crazy and didn’t have to; but if he didn’t want to he was sane and had to.”
—Joseph Heller (b. 1923)