The first step in the purchasing cycle is to
A) conduct spend analysis.
B) create specifications or descriptions of item or service needed.
C) create a list of potential suppliers of the product or service.
D) send out or post requests for quotations or requests for proposals.

Question

Quizplus · Accepted Answer

The first step is to determine the needs of the internal user, resulting in specifications and/or descriptions of the product or service being considered.

The First Step in the Purchasing Cycle Is to