The Document That the Purchasing Department Prepares and Sends to the Vendor

question 188

Multiple Choice

The document that the purchasing department prepares and sends to the vendor to place an order is the

• A) Purchase requisition.
• B) Purchase order.
• C) Invoice.
• D) Receiving report.
• E) Invoice approval.

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Definitions:

Supply Chains

Networks connecting suppliers with customers to produce and distribute a specific product, encompassing all stages from raw materials to final delivery.

Related Diversification

A strategy where a business expands its activities into areas that are similar to its existing operations.

Organisational Growth

The process by which an organization increases in size, resources, capabilities, or market share over time.

Core Competencies

Fundamental strengths and abilities of a company that give it a competitive advantage.