Steps of Purchasing Procedure

The procedure describes the sequence of steps leading to the completion of an identified specific task. Thus purchasing procedure describes the sequence of steps by which a purchase function is carried through from its inception to its completion. The purchasing procedure starts with the realization that something is required, the need is then spelt out either in the form of requisition or in a bill of materials, then attempts are made to identify their sources, the appropriate supplier is selected on the basis of some scientific analysis, the purchase order is placed with the selected supplier, it is checked to … Continue reading Steps of Purchasing Procedure