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Purchasing Process (Selecting Suppliers (Terms of Delivery, Payment…
Purchasing Process
Selecting Suppliers
Terms of Delivery
Payment information
The price
Warranty and guarantee information
The quantity to be purchased
Other details as needed
The good or service to be purchased.
Evaluating Supplier Performance
Review the order to see if the supplier followed through on its promises
Check to see if they sent the right items
Check to see if they were delivered at the right time
See if they charged the right price
Decide if they want to buy from them agian
Identifying Needs
What quality of that item does the business need?
When is that item needed?
How much of that item does the business need?
What is the limit that can be sent on this order?
What does the business need?
Placing The Order
contract restates terms of purchase
after searching for a good supplier, must place order with them
sends purchase order to supplier