1. The procurement process originates when a company needs to acquire goods or services from external sources, and it concludes when the company receives and pays for them. Review the diagram below and describe step by step flow in the procurement process.

For example, Step 1 could be If the customer agrees to the price and terms, then Sales creates a customer purchase order (PO) and a sales order

Departments Warehouse Purchasing Warehouse Accounting 2 Documents involved Purchase requisition Purchase order Packing list Goods receipt document Invoice Payment (received) (sent)