When a material is not available in the warehouse and there is no current supplier for the item,the buyer must identify a pool of suppliers and issue a:
A)Request for Quotation
B)Purchase Order
C)Contract for Sale
D)Sales Order

Question

Quizplus · Accepted Answer

When a material is not available in the warehouse and there is no current supplier, the buyer must identify a pool of potential suppliers and issue a Request for Quotation (RFQ). This is the best choice as it allows the buyer to compare prices and terms from multiple suppliers before making a purchasing decision. A purchase order (B) can only be issued after the buyer has selected a supplier and negotiated the terms of the sale. A contract for sale (C) is a legal agreement between the buyer and supplier that sets out the terms of the transaction, and a sales order (D) is a document generated by the seller to confirm the details of an order placed by the buyer.

When a Material Is Not Available in the Warehouse and There