Match the following accounting cycles to the appropriate subsystems.
-Purchasing Cycle
A)Operations/Production System
B)Supply Chain Management
C)Customer Relationship Management

Question

Quizplus · Accepted Answer

The Purchasing Cycle is closely related to Supply Chain Management, as it involves the processes of selecting suppliers, establishing payment terms, strategic vetting, selection, the negotiation of contracts, and actual purchasing of goods. Supply Chain Management encompasses these activities by managing the flow of goods and services, including all processes that transform raw materials into final products, which involves the purchasing cycle.

Match the Following Accounting Cycles to the Appropriate Subsystems