Purchasing practice and procedure
In formal organizations making large numbers of purchases it is necessary to adopt standard forms and to prescribe routine procedures for the purchasing process. The process itself can be thought of as comprising the following stages:
Initiating the purchase
Selecting the supplier
Placing the order
Progressing the order
Receiving the goods and paying for them.
KeywordsOrder Quantity Capital Expenditure Quantity Discount Original Equipment Manufacturer Tool Cost
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- 1.Buckner, H. (1967), How British Industry Buys, Hutchinson, London.Google Scholar
© P.J.H. Baily 1978