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The Purchasing Process:

This presentation will explain the forms and steps used in the purchasing process for a merchandising business with a corporate structure.

Jerry Guttman

on 26 May 2011

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Transcript of The Purchasing Process:

The Purchasing Process The purchase of supplies, equipment, & merchandise is divided into four stages The Purchase Requesition written request that certain item(s) be purchased. Step 1 Step 2 The Purchase Order A written offer to a
supplier to buy
certain item(s). Step 3 The Packing Slip A form that lists the items included in the shipment. Step 4 The Purchase Invoice An invoice lists credit terms, quantities,
items descriptions, unit price and
total costs. This is the only
form that requires
a journal entry. Whether you are purchasing online, by phone, fax, telephone or in person, there are certain forms that companies need to complete. The End
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