Thursday 17 December 2020

Purchase Procedure of a Company

Thursday, December 17, 2020    1 comment

General Purchase Procedure of a Company:
The purchase procedure of the company differ from one to the other. The following is the general purchase procedure. Specific forms and records are used to follow proper purchase procedure and implement purchase policies.
  1. Purchase Requisition
  2. Identify the Sources of Supply
  3. Call for Tenders or Quotations
  4. Analysis of Tenders
  5. Selection of Right Supplier
  6. Placing of Purchase Order
  7. Follow Up of Purchase Order
  8. Receiving of Materials
  9. Inspection of Materials
  10. Checking of Invoices
  11. Passing the Invoice for Payment

1 comment:

  1. AnonymousMonday, May 02, 2022

    Informative and helpful Article. Really good work. Appreciate it. You might be looking for Purchase Order Management System in Bangalore

    ReplyDelete