Chapter 12 Flashcards

1
Q

Procurement process

A

the way the firm buy materials they need to make products

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2
Q

Procurement process

A
  1. Search
  2. Qualify
  3. Negotiate
  4. Purchase order
  5. Invoicing
  6. Shipping
  7. Remittance payment
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3
Q

Types of procurement (types of goods)

A

-direct goods
-indirect goods

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