Respuesta :
The first document prepared and thereby the one that triggers the remaining purchasing processes is the purchase requisition.
What is purchasing process?
The steps that a business takes to complete a transaction are known as the purchasing process. In contrast to consumers, businesses typically follow a formal process when making purchases. A business's purchases may necessitate research, input from various departments, negotiations, and invoicing.
Professionals might link the procurement process and the purchasing process closely. But the procurement procedure is more concerned with tactics, like bargaining and research. The act of buying goods and services is the main focus of the purchasing process. The purchasing process is crucial because it provides businesses with a planned method of meeting their needs. Additionally, it enables more intelligent financial planning. Since it necessitates keeping records of every business transaction, a successful purchasing process can aid in preventing theft, fraud, or irrational spending.
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