Purchasing

When a company purchases pens, paper, computers, and uniforms they are purchasing for?

• Resale

• Business Use

• Transformation

Retailers and wholesalers purchase products for?

• Resale

• Transformation

• Business Use

• Both Resale and Business Use

Purchasing goals include:

• Buying the right product at the right price

• Buying the right product from the right supplier with acceptable terms

• Buying the right product in the right quantity with the right quality

• All of these

True or False: The purchasing department has to work with other departments in the company to determine purchasing needs

• True

• False

In which step of the purchasing process do you evaluate supplier credentials and send out bids?

• Selecting Suppliers

• Developing A Purchasing Agreement

• Place order

• Evaluate supplier performance

True or False: Purchase orders restate the terms of the purchase (price, quantity, delivery, and payment terms).

• True

• False

When you review your order to make sure you received the correct items, in the right quantity, and at the right price. You are in which stage of the purchasing process?

• Selecting Suppliers

• Placing Order

• Evaluating Supplier Performance

• Developing a Purchase Agreement

What are the 3 types of purchasing?

• Retail

  Wholesale

  Manufacturing

• Resale

  Retail

  Wholesale

• Resale

  Transformation

  Business Use

Amy's Bakery has chosen a supplier for their cupcake supplies. They outline the product to be purchased, price, quantity, quality, delivery, and terms. They are in which stage of the purchasing process?

• Identifying Needs

• Evaluating Supplier Performance

• Purchase Agreement

• Placing the Order

The purchasing manager for Todd's Tools is meeting with various departments to determine what they need to order. Which stage of the purchasing process

• Evaluating supplier performance

• Creating a purchase agreement

• Selecting Suppliers

• Identifying needs