Question: The essential steps in the supply process are: 1 . Recognition of need. 2 . Description of need. 3 . Identification and analysis of possible

The essential steps in the supply process are:
1. Recognition of need.
2. Description of need.
3. Identification and analysis of possible sources of supply.
4. Supplier selection and determination of terms.
5. Preparation and placement of purchase order.
6. Follow-up and/or expediting the order.
7. Receipt and inspection.
8. Invoice clearing and payment.
9. Maintenance of records and relationships

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