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Purchasing and It's Process
Purchasing and It's Process
IT’S PROCESS
Dexter C. Dapitan
MAED-PE
May 8, 2021
OBJECTIVES
Identify the specific process of purchasing an item related to our profession;
Distinguish the different tables and areas of requisition form; and
Appreciate the significance of the processes upon obtaining an equipment.
PURCHASING
It is a set of tasks involved in buying goods
and services. It also involves tasks such as
ordering, raising purchase orders, receiving,
and arranging payments (Lim, 2014)
According to Accounting Tools (2021), it is
an organized acquisition of goods and
services on behalf of the buying entity.
GUIDELINES OF PURCHASING
AN EQUIPMENT
Standardize
Quality
Prompt Payment
Early-Bird Ordering
Professional and Personal
Relationships with Vendors
Business-like Approach
PROCESS
Requisition
Deliberation
Canvassing
Bidding
Purchase Order
Billing
Delivery of Equipment
Item Coding
Endorsement to the Requestor
REFERENCES
Accounting Tools. (2021). Retrieved from
https://www.accountingtools.com/articles/what-is-purchasing.html
Lim, M. (2014). Retrieved from https://blog.procurify.com/2014/02/07/what-
is-the-difference-between-procurement-purchasing/amp/