Describe in detail the purchasing cycle

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Reference no: EM13889257 , Length: word count:1000

The Purchasing Cycle, illustrates four basic steps: origination and notification of need; finding a source or supplier; issue of purchase order and follow up; and completion - receipt payment for the subject matter of the cycle. Using these steps as a framework, describe in detail the ‘Purchasing Cycle' in your chosen organization and expand on the various procedures/ processes that occur at the various stages.

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The problem related to Marketing and it explains about purchasing cycle and its basic steps and expanding these basic steps in an organization.

Word limit: 1000

Reference no: EM13889257

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