The payment process:
A)and the supply process should be aligned in policy and practice.
B)should always be owned and managed by accounts payable.
C)should always be owned and managed by supply.
D)must include paper invoices to avoid legal liability.
E)has little impact on supply management.

Question

Quizplus · Accepted Answer

The payment process and the supply process should be aligned in policy and practice to ensure smooth and efficient procurement. This will help avoid delays, discrepancies, and errors in payment and billing. Ownership and management of the payment process may vary depending on the organization, but it is important for both accounts payable and supply management to have a clear understanding of the process and work together for effective procurement. Paper invoices are not necessary, as electronic invoicing is becoming more prevalent in modern procurement practices.

The Payment Process