Industrial buying behaviour: decision - making in purchasing - The purchasings process in detail
4 important questions on Industrial buying behaviour: decision - making in purchasing - The purchasings process in detail
Purchasing managers differentiate between functional specifications and technical specifications, what's the difference?
A technical specification describes the technical properties and characteristics of the product as well as the activities to be performed by the supplier.
Both functional and technical specifications are part of a wider concept, which is reffered to as the purchase order specification.
The step of 'selection' contains a number of separate steps, which steps?
2. Preliminary qualification of suppliers and drawing up the 'bidders' list;
3. Preparation of the request for quotation and analysis of the bids received;
4. Selection of the supplier.
What are several important aspects of the purchase agreement?
- Prices and terms of delivery;
- Terms of payment;
- Penalty clauses and warranty conditions
- Other arrangements
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What is a purchase order requisition?
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