Purchasing is a function of exchanging a product for another product or service; so is the Procurement

Fantastic news! We've Found the answer you've been seeking!

Question:

Purchasing is a function of exchanging a product for another product or service; so is the Procurement function but with some additional differences. What are those additional requirements?Explain

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Dec 08, 2023 11:55 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
NATURAL CEREALS SITUATION II The Meeting Fortunately, Sally and Joe were able to schedule a meeting with Tom for that afternoon. As they walk into Toms office, Sally feels a little uneasy. She...
This case study on project evaluation is applicable for beginning courses in corporate finance or finance strategy. Two alternative investment options are available to evaluate. Challenges are...
Multi-Star, Inc., had sales of $890,000, cost of sales and operating expenses of $450,000 and $200,000, respectively, and 10,000 shares of common stock outstanding. Calculate the amount of earnings...
Consider a system consisting of m resources of the same type, being shared by n processes. Resources can be requested and released by processes only one at a time. Show that the system is...
What are the battery current I bat and the potential difference V a - V b between points a and b when the switch in FIGURE P28.55 is (a) open and (b) closed? FIGURE P28.55:
With the help of the explicit expression for the semi-group of BM killed at time $T_{0}(3.1 .9)$, deduce the semi-group of $\mathrm{BES}^{3}$ from formula (6.1.8). \[\begin{equation*}...
Nehru Gupta is the controller at the Acme Shoe Company, a large manufacturing company located in Franklin, Pennsylvania. Acme has many divisions, and the performance of each division has typically...
Creative Solutions Corporation issued 1 , 0 0 0 shares to MacKay in exchange for $ 1 2 , 0 0 0 . Creative Solutions Corporation borrowed $ 3 0 , 0 0 0 from the bank, promising to repay it in two...
Select all that apply: Requisitioning an OTC item to use for script fulfillment includes: Purchasing the item through the Target POS Generating a Price Barcode using price inquiry Getting a Target...
Remaining Time: 1 hour, 13 minutes, 39 seconds. Question Completion Status: Moving to another question will save this response. Question 7 4 points Save Answer A German computer is priced at 1,000...
Among the individuals that make up a buying center, there are people who wield influence on any purchase decision, especially if it is a large purchase. Which of these is MOST likely to be an...
Q6. A jet of water from a nozzle is deflected through an angle a=60 from its original direction by a curved vane which it enters tangentially without shock with a mean velocity of 25 m/s. If the...
16. Solve for the cos (45).
The Berkel Corporation manufactures Widgets, Gizmos, and Turnbols from a joint process. June production is 10,000 widgets; 13,500 gizmos; and 15,000 turnbols. Respective per unit selling prices at...
Christopher starts a retirement fund 30 years before retirement. He pays $25 per month into the annuity for 30 years with an interest rate of 5% per year compounded monthly. Find the value of...
Blossom Corporation reported net income of $407,000 in 2020 and had 400,000 common shares outstanding throughout the year. On May 1, 2020, Blossom issued 5% convertible bonds. Each $1,000 bond is...
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
Distinguish between the common laws mirror image rule and the Uniform Commercial Codes (UCCs) provisions for dealing with variant acceptances.
(a) Ann owed $2,500 to Barry for services Barry rendered to Ann. The debt was due June 30, 2010. In March 2011, the debt was still unpaid. Barry was in urgent need of ready cash and told Ann that if...
Civil Code 1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and...
Name three or more branches of Earth science, and describe the focus of each.
Earth has remained about the same size since it formed 4.6 billion years ago. What does this suggest about the rate of seafloor spreading compared to the rate of subduction?
Why is Earth science an integrated science?

Purchasing is a function of exchanging a product for another product or service; so is the Procurement

Question:

Expert Answer:

While both purchasing and procurement involve acquiring goods or services they have some significant ... View the full answer

Smith and Roberson Business Law

Students also viewed these law questions