Which term refers to all of the activities involved in buying or acquiring the materials used by the organization,such as raw materials needed to make products?
A)Material Planning
B)Procurement Process
C)Production Process
D)Fulfillment Process
E)Lifecycle Data Management

Question

Quizplus · Accepted Answer

Procurement process refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products. Material planning involves the process of determining the types, quantities and timing of materials required, while production process refers to the manufacturing process for creating finished goods. Fulfillment process involves the process of delivering finished products to customers, and lifecycle data management involves managing all data related to a product throughout its entire lifecycle. Therefore, the best choice is B, procurement process.

Which Term Refers to All of the Activities Involved in Buying