The purchasing or procurement process for inventory typically involves \"Customer master file, master price file, determining credit terms, shipping goods, bill of ladings, sending invoices, sending customer statements.\" \"Selecting vendors, establishing payment terms, negotiating contracts, selling goods, receiving goods, and recording of purchases and payment of liabilities\" \"Customer master file, master price file, determining credit terms, purchasing goods, receiving goods, and recording of purchases and payment of liabilities\" \"Selecting vendors, establishing payment terms, negotiating contracts, purchasing goods, receiving goods, and recording of purchases and payment of liabilities\