Purchase Archives | SME Business Guide - Your Online Business Coach

Procurement or Purchase – Introduction

Sanjay Shah — Sun, 08 Jan 2017 11:07:13 +0000

A business requires various types of goods and services as its input. For a manufacturing unit, a lot of raw

Sanjay Shah — Sat, 07 Jan 2017 11:08:16 +0000

To facilitate proper coordination of purchase process, purchase department needs a Purchase Requisition for every purchase they are told to

Sanjay Shah — Fri, 06 Jan 2017 11:12:51 +0000

• For every occasional purchases of a significant value, a quotation is received from the supplier. • Generally, to have

Sanjay Shah — Thu, 05 Jan 2017 11:16:03 +0000

• Many a times, particularly in Export-Import business, before sending the goods, the seller sends an abridged or estimated version

Sanjay Shah — Wed, 04 Jan 2017 11:17:51 +0000

• To streamline the purchase process, a standardized Purchase Order (PO) should be issued by the buying company. • A

Sanjay Shah — Tue, 03 Jan 2017 11:19:37 +0000

• At the time of receiving the goods ordered through a Purchase Order, the buyer issues a confirmation through Goods

Sanjay Shah — Mon, 02 Jan 2017 11:20:51 +0000

• The company should process payments against purchases in a timely and systematic manner. • The internal processes of the

Sanjay Shah — Sun, 01 Jan 2017 11:22:47 +0000

To ensure regular supply of quality materials at the most competitive rates is the basic purpose of the purchase department.