ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Procurement staff will procure goods from external parties when:
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Stock in the warehouse is not sufficient according to the amount requested
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There is no stock of the requested goods in the warehouse
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There is stock in the warehouse, but the type or type of material requested is different
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All answer choices are correct
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Explanation:
Detailed explanation-1: -People: People generally are responsible for initiating or authorizing every step of the procurement process. In addition to procurement specialists, the people involved include other stakeholders, such as accounts payable and the business groups that request the goods and services.
Detailed explanation-2: -Procurement is obtaining or purchasing goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies must solicit services or purchase goods, usually on a relatively large scale.
Detailed explanation-3: -There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement.
There is 1 question to complete.