Which of the following are the principal reports required for the effective management of the purchasing process?
A) Vendor performance.
B) Outstanding sales orders.
C) Discounts taken.
D) All of the above.

Question

Quizplus · Accepted Answer

While all of the reports listed may be useful for managing the purchasing process, vendor performance is the most critical as it allows a company to evaluate the effectiveness of its suppliers and make informed decisions about future purchasing decisions. Outstanding sales orders and discounts taken may be important for inventory management and financial analysis, but they are not essential for the purchasing process itself.

Which of the Following Are the Principal Reports Required for the Effective