ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From the list below identify a factor influencing the selection of procedures for purchasing.
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Urgency
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VAT
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Method of payment
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E-commerce
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Explanation:
Detailed explanation-1: -The importance of purchasing in any firm is largely determined the four factors: availability of materials, absolute dollar volume of purchases, percent of product cost represented by materials, and the types of materials purchased.
Detailed explanation-2: -There are four types of procurement: Direct procurement, indirect procurement, goods procurement, and services procurement.
Detailed explanation-3: -1 – Identifying need. The procurement process always starts with the same component – need. 2 – Supplier evaluation and selection. 3 – Purchase order. 4 – Delivery. 26-Jun-2017
There is 1 question to complete.