ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managing purchases may also include ____
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Buying too much product
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Buying too little product
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Selecting the correct amount of product
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Not buying anything
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Explanation:
Detailed explanation-1: -Your six-step guide to a purchasing process: Identify your needs (goods or services) Create your purchase requisition. Create your purchase order. Receive goods receipt. Receive invoice and three-way matching.
Detailed explanation-2: -Standard Purchase Orders (PO) Planned Purchase Orders (PPO) Blanket Purchase Orders (BPO) (Also referred to as a “Standing Order”) Contract Purchase Orders (CPO)
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.