Typical steps of a traditional procurement process: Step 1 - The buyer sends a/an _____ to a vendor.
A) Purchase order (PO)
B) Bill of lading (BOL)
C) Invoice
D) Receipt of goods
E) None of the above

Question

Quizplus · Accepted Answer

A Purchase Order (PO) is typically the first step in the procurement process, where the buyer formally requests to purchase goods or services from a vendor.

Typical Steps of a Traditional Procurement Process: Step 1 -