Questions/Main Points for "Purchasing Process and Information Flow"

Note-Figure 4.1 is important.  It should make sense to you after reading pages 62-75.

You should know the major steps in the general procurement process. (pp 62-75)

    Describe each step in your own words.

   Recognize and define need. Transmit need

    <Investigate, qualify, and select supplier>

    Prepare and issue Purchase Order (PO)

    Acknowledgement, Follow-up

    Receipt and Inspection

    Audit invoice

    Close order

Rev fall 04