In the procure-to-pay process,the negotiation of price and terms is followed by ________.
A) settling the payment
B) creating the customer record
C) issuing the purchase order
D) receiving the goods
E) receiving the invoice

Question

Quizplus · Accepted Answer

Once the price and terms have been negotiated, the next step in the procure-to-pay process is to issue a purchase order. This formal document outlines the details of the purchase, including the agreed-upon price and any other terms of the agreement. The purchase order typically initiates the process of acquiring the goods or services, which may include additional steps such as receiving the goods and paying the supplier. However, the purchase order is the next step immediately after the negotiation of price and terms.

In the Procure-To-Pay Process,the Negotiation of Price and Terms Is