The Purchasing Cycle, illustrates four basic steps: origination and notification of need; finding a source or supplier; issue of purchase order and follow up; and completion – receipt payment for the subject matter of the cycle. Using these steps as a framework, describe in detail the ‘Purchasing Cycle’ in your chosen organization and expand on the various procedures/ processes that occur at the various stages.
The question belongs to Marketing and it discusses about purchasing cycle and its basic steps and expanding these basic steps in an organization.
Total Word Count 851Download Full Solution
If you are here for the first time, you can request for a discount coupon, which can knock off upto 20% of the quoted price on any service.