Question: Answer the following questions: 1. Describe how purchasing becomes aware of purchase requirements? Describe the types of Requisitions. 2. When would you use an RFI?

Answer the following questions: 1. Describe how purchasing becomes aware of purchase requirements? Describe the types of Requisitions. 2. When would you use an RFI? RFQ? RFP? Why? 3. Why is it important to align purchases with accounts payable? Is it advisable to withhold payments of an invoice? When and why? 4. Describe the process that can help with the purchase of low-dollar-value, high-volume goods and services.

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