What type of Purchasing Process showed by the following figure? Elaborate the whole process. What are the drawbacks of mentioned process? and How to improve the said process of purchasing? Buyer generatesPurchase OrderSupplier enters Order intoInternal systems and prints anInvoiceFaxes or MailsInvoiceBuyer enters InvoiceInto internal systemfor processingFaxes or Mails

The traditional purchasing process, while serving as a fundamental framework for procuring goods and…

Answered: What type of Purchasing Process showed…

What type of Purchasing Process showed by the following figure? Elaborate the whole process. What are the drawbacks of mentioned process? and How to improve the said process of purchasing?

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

What type of Purchasing Process showed by the following figure? Elaborate the whole process. What are the drawbacks of mentioned process? and How to improve the said process of purchasing?

Buyer generates
Purchase Order
Supplier enters Order into
Internal systems and prints an
Invoice
Faxes or Mails
Invoice
Buyer enters Invoice
Into internal system
for processing
Faxes or Mails

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