In a purchasing process, once requirements are determined and a vendor selected, the next step is:
A)the purchase requisition
B)the purchase order
C)receive goods and services
D)a vendor acknowledgment

Question

Quizplus · Accepted Answer

The next step after selecting a vendor and determining requirements is to issue a purchase order to the vendor. The purchase order outlines the details of the transaction, such as quantity, price, and delivery date. This is a crucial step in the purchasing process to ensure that the vendor knows exactly what is expected of them and to provide a record of the agreement between the buyer and vendor.

In a Purchasing Process, Once Requirements Are Determined and a Vendor