A form of purchasing that is placed directly to the supplier and suitable when firms use the same components to make standard goods over a relatively long period of time is referred to as:
A)Material Requisition
B)Purchase Requisition
C)Planned Order Release
D)Traveling Requisition

Question

Quizplus · Accepted Answer

Planned Order Release is a purchasing process where the buyer sends a purchase order directly to the supplier for materials needed for long-term production. This method is used for standard goods that require the same components over an extended period of time. Material Requisition and Purchase Requisition are internal documents used to request materials or services within a company, while Traveling Requisition is not a recognized term for purchasing.

A Form of Purchasing That Is Placed Directly to the Supplier