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explain purchase cycle?
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Purchase cycle starts from getting request from the
respective department and the offering for qoutation then
analysing the quotation and appropriately placing the
purchase order.There after seeing to that the thus ordered
materials are thus delivered in time.
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / amrendra kumar
Means, periods of new purchase.
Total net Credit Purchase during the Year
No.ofPurchase = ------------------------------------------
Average stock during the year
Purchase Cycle= 365/No. of purchase
| Is This Answer Correct ? | 2 Yes | 0 No |
When ever you will will by a materiel first you will send
the requisition to different suppliers .After if supplieres
will satisfy your requisition, then only you get the the
quations form different suppliers.then you will analys the
quations and send to the purchase order to supplier, then
supplier will send the invoice and goods
| Is This Answer Correct ? | 4 Yes | 4 No |
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