Chapter 3: The purchasing and supply
process and procedures
,LEARNING OBJECTIVES
After you have studied this chapter, you should be able to
• describe the purchasing process as a strategic process
for organisations to gain the competitive edge
• make a distinction between the three buying situations
• discuss the important aspects that purchasing and
supply should consider in order to contribute to the
organisation’s performance
• align transaction documents and parties involved to
activities in the purchasing cycle
• illustrate and explain the activities involved in a
purchasing cycle
• contrast the manual and automated execution of the
activities in the purchasing cycle.
, 3.1THE PURCHASING
PROCESS
A typical purchasing process includes the flow of
information, materials, services and funds across all the
departments or functions that are involved
process and procedures
,LEARNING OBJECTIVES
After you have studied this chapter, you should be able to
• describe the purchasing process as a strategic process
for organisations to gain the competitive edge
• make a distinction between the three buying situations
• discuss the important aspects that purchasing and
supply should consider in order to contribute to the
organisation’s performance
• align transaction documents and parties involved to
activities in the purchasing cycle
• illustrate and explain the activities involved in a
purchasing cycle
• contrast the manual and automated execution of the
activities in the purchasing cycle.
, 3.1THE PURCHASING
PROCESS
A typical purchasing process includes the flow of
information, materials, services and funds across all the
departments or functions that are involved
