Typical steps of a traditional procurement process: Step 2 - The vendor responds by sending the goods to the buyer along with a/an _____ , which describes the contents of the shipment.
A) Purchase order (PO)
B) Bill of lading (BOL)
C) Invoice
D) Receipt of goods
E) Request for Quote (RFQ)

Question

Quizplus · Accepted Answer

The correct term is Bill of Lading (BOL), which is a document issued by a carrier to acknowledge receipt of cargo for shipment. It describes the contents of the shipment and serves as a shipment receipt when the carrier delivers the goods at the predetermined destination.

Typical Steps of a Traditional Procurement Process: Step 2 -