The flowchart for Problem 1 illustrates two alternative inventory ordering methods. Required a. Distinguish between a purchase

Question:

The flowchart for Problem 1 illustrates two alternative inventory ordering methods.

Required
a. Distinguish between a purchase requisition and a purchase order.
b. Discuss the primary advantage of alternative two over alternative one. Be specific.
c. Under what circumstances can you envision management using alternative one rather than alternative two?