English, asked by ychandrabali42, 3 months ago

Write attempt. Explain the procedure of purchasing.​

Answers

Answered by rida172008
0

Answer:

Determine Needs. The first step in the purchasing process is to determine the need.

Identify Potential Sources.

Collect Quotes and Select Best Value.

Place the Order.

Receive the Goods or Service.

Invoicing and Payment.

Reconcile Statements.

Maintain Records.

Answered by ketankunal73
0

Answer:

the procedure of purchasing is as below:

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.

There are four major goals of purchasing: maintain the right supply of products and services, maintain the quality standards of the operation, minimize the amount of money the operation spends, and stay competitive with similar operations.

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