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Purchasing practice and procedure

  • P. J. H. Baily

Abstract

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:
  1. (1)

    Initiating the purchase

     
  2. (2)

    Selecting the supplier

     
  3. (3)

    Placing the order

     
  4. (4)

    Progressing the order

     
  5. (5)

    Receiving the goods and paying for them.

     

Keywords

Order Quantity Capital Expenditure Quantity Discount Original Equipment Manufacturer Tool Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 1.
    Buckner, H. (1967), How British Industry Buys, Hutchinson, London.Google Scholar

Copyright information

© P.J.H. Baily 1978

Authors and Affiliations

  • P. J. H. Baily

There are no affiliations available

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