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:
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)
“A man had better starve at once than lose his innocence in the process of getting his bread.”
—Henry David Thoreau (1817–1862)