QUESTION THREE $[20]$

Most major companies and even some government organisations have a purchasing or procurement

department as part of everyday operations. Provide a critical discussion on the purchasing process.

Use examples related to the case study to substantiate your answer.

Include the following in your discussion:

$-$ Needs Analysis

$-$ Purchase Requisition to Purchase Order

$-$ Purchase Order Review and Approval

$-$ Requests for Proposal

$-$ Contract Negotiation and Approval

$-$ Shipping and Receiving

$-$ Three way Matching

$-$ Invoice Approval and Payment

$-$ Accounting Records Update