What Is the Correct Sequence of the Purchase-To-Pay Process

question 6

Multiple Choice

What is the correct sequence of the purchase-to-pay process?

• A) purchase order processing; goods receipt; invoice verification; payment processing; requirements determination
• B) requirements determination; purchase order processing; goods receipt; invoice verification; payment processing
• C) purchase order processing; requirements determination; goods receipt; invoice verification; payment processing
• D) requirements determination; purchase order processing; invoice verification; goods receipt; payment processing

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Definitions:

Customers Locked

A situation where customers are bound to a service or product, often through contracts, making it difficult for them to switch to competitors.

Switch Technologies

Changing or transitioning from one technology to another, often to improve efficiency, performance, or to embrace newer standards.

Platform Strategy

A business approach that focuses on creating a foundational service or technology that supports various products, services, or participants.

Complementary Innovation

Innovations that enhance the value or functionality of existing products or services when used together.