Which of the Following Is the First Step in the Purchasing

question 51

Multiple Choice

Which of the following is the first step in the purchasing and payment process?

• A) The purchaser receives an invoice for the goods shipped by the supplier.
• B) The purchaser sends a check to the supplier.
• C) The purchaser sends a purchase order to the supplier.
• D) The purchase receives the inventory and prepares a receiving report.

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Definitions:

Throughput Time

The amount of time it takes for a product to go through the production process, from start to finish, including both processing and waiting time.

Delivery Cycle Time

The total time taken from receiving a customer order to the delivery of the product or service to the customer.

Fill Orders

The process of completing a customer's purchase request by preparing and dispatching the requested products.

External Failure Cost

Expenses incurred when a product fails to meet quality standards after being delivered to the customer, including returns, repairs, and lost sales.