PURCHASING AND

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/