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What is purchase cycle?

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Question added by Musheer Syed , Accountant , Kadhema Scientific Consultancy & Services
Date Posted: 2013/06/27
Hassan Abou Chakra
by Hassan Abou Chakra , Procurement Manager , Saudi Gardens


1- Receive request order from the end user
2- Check in our warehouse for the availability
3- send request for quotation for the suppliers
4- receive the quotations from the suppliers
5- make the price analysis for all the items from all suppliers
6- choose the supplier :good price, shortly delivery time, warranty if availble, good payment terms
7- make purchase order for these materials to the exactly supplier
8- checking with the supplier if he receive the purchase order
9- follow him to receive the materials in the exactly time1
0- receive the delivery from the end user and the invoice from the supplier1
1- giving the amount for the supplier in exact time

Bandar AlHadad
by Bandar AlHadad , مختص شؤون مالية , قطاع حكومي

The10 Steps in Purchasing Cycle1.
Recognition of Need2.
Specify Need6.
Deliver Purchase Order5.
Prepare Purchase Order4.
Establish Price & Terms3.
Determine Sourcing Options7.
Expediting8.
Receive & Inspect9.
Approval & Payment10.
Maintain Records

Cagdas Kardas
by Cagdas Kardas , Operations Director , Berlitz Corporation

1) Identification of need2) Defining the specification3) Which laws/rules apply?4) Documentation including terms & conditions5) Sourcing suppliers6) Tender bids7) Analysis of bids8) Negotiation9) Contract award10) Contract management11) Contract evaluation

اتفاق إعادة الشراء أو ما يعرف باسم الريبو repo هو السعر الذي يستخدمه البنك المركزي في إعادة شراء الأوراق المالية الحكومية من البنوك التجارية للسيطرة على المعروض النقدي.
الريبو الريبو (Reperchase agreement) يعني اتفاقية إعادة الشراء, وهو سعر الفائدة لمدة ليلة واحدة أو لمدة قصيرة جدا لعملية شراء وبيع سندات حكومية من البنك المركزي, حيث يشتري المتعاملون سندات الحكومة لمدة معينة ثم يبيعونها للمستثمرين لمدة قصيرة أو ليلة واحدة ويقومون بشرائها في اليوم الثاني.

Waseem Ahmed
by Waseem Ahmed , Procurement Officer , Jubail Chemical Industries (JANA)

PR>RFQ>PO>GR

yousfi khawla
by yousfi khawla , مساعد إدارة , Société tunisienne de l'électricité et du gaz (الشركة التونسية للكهرباء و الغاز) ou STEG

1 / the launch or the introduction 2 / growth (development) 3 / maturity 4 / the decline

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