An effective ________ process can help to obtain favorable conditions,reduce transaction costs,and,ultimately,create customer goodwill as it helps to efficiently fulfill customer orders.
A) procure-to-pay
B) procure-to-buy
C) find-to-buy
D) procure-to-sell
E) find-to-sell

Question

Quizplus · Accepted Answer

Procure-to-pay refers to the process of purchasing goods or services and making payments to the supplier. It involves activities such as identifying the need for the goods or services, selecting the supplier, negotiating the terms, creating a purchase order, receiving the goods, and making the payment. An effective procure-to-pay process can help to obtain favorable conditions, reduce transaction costs, and create customer goodwill as it helps to efficiently fulfill customer orders.

An Effective ________ Process Can Help to Obtain Favorable Conditions,reduce