ENTREPRENEURSHIP

Detailed explanation-1: -Once the need for goods or services is identified by an employee, submitting the requisition form is the first step in the requisition procedure.

Detailed explanation-2: -The first step of the purchase order life cycle is creating a purchase order. Once a purchase request is approved and authorized, it is converted to a purchase order. In the case of multiple line items, each item will be transferred to a new purchase order.

Detailed explanation-3: -Identify the need. Specify the requirement. Find and choose a supplier. Negotiate costs. Get order approval. Place the order. Receive and approve the order. Review supplier performance. 24-Jun-2022