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Which one of the following initiates the procurement process inside the buying organisation, calling for action by the procurement professionals?
Suggested Answer: D
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This should be an easy question.
If you are unfamiliar with any of these terms, return to your textbook soon.
The RFQ is the action taken by procurement often, further to the requisition and other necessary documentation.
28 comments · newest first
MA
Mary
11 months ago
I thought it was the request for quotation at first!
AN
Anglea
11 months ago
Invoice? That's just for payment, not initiation!
DE
Demetra
12 months ago
Wait, are we sure it's not the specification?
CA
Cary
12 months ago
Totally agree, requisition is the right answer!
LA
Launa
1 year ago
It's definitely the requisition that kicks off procurement.
CA
Carey
1 year ago
I'm leaning towards "Requisition" too, but I keep second-guessing myself. It’s confusing how these terms overlap!
CA
Carin
1 year ago
I practiced a similar question, and I think "Specification" is more about detailing what is needed rather than initiating the process.
LI
Lili
1 year ago
I feel like "Request for quotation" could also be a contender, but that seems more like a step after the process starts.
PO
Portia
1 year ago
I think the answer might be "Requisition," but I'm not entirely sure. I remember it being about internal requests.
SH
Sherell
1 year ago
Okay, let me see... Request for quotation, invoice, specification, requisition. I'm leaning towards requisition, but I want to double-check my understanding of the procurement workflow to be sure.
RO
Royce
1 year ago
Ah, I remember learning about this in class. I'm pretty confident the answer is Requisition, as that's the document that kicks off the procurement process within the organization.
AN
Angella
1 year ago
Hmm, I'm a bit unsure about this one. The procurement process can be complex, so I'll need to think it through step-by-step to identify the right answer.
CH
Cherri
1 year ago
This seems like a straightforward procurement question. I'll carefully review the options and think through the procurement process to determine which one initiates the action.
CA
Catherin
1 year ago
Okay, I think I've got this. Noncurrent assets can't be easily converted to cash within a year, unlike current assets. I'll make sure to highlight that in my answer.
AL
Alaine
1 year ago
Okay, I've seen this type of question before. The key is to look for the most common or generic default credentials. I'm going to go with option C.
CE
Celeste
1 year ago
I've got this one! We need to contact Cloud Billing Support to get the 3-year Committed Use Discount set up correctly. Shouldn't be too much of a hassle to get it resolved.
SA
Sarah
1 year ago
Okay, let's see. Shifting the numbers to the right four times - that's got to be some kind of code manipulation, right? I'm leaning towards obfuscation, but I want to make sure I understand the details before answering.
FR
Frank
2 years ago
Yes, Merissa. Specification is crucial for ensuring we get what we need.
ME
Merissa
2 years ago
I think C) Specification could also be important because it outlines the requirements for the product or service.
PA
Patrick
2 years ago
That's true, Lashaunda. Request for quotation is when we ask vendors for pricing information.
LA
Lashaunda
2 years ago
I'm not sure, but maybe A) Request for quotation also plays a role in initiating the procurement process.
FR
Frank
2 years ago
I agree with Patrick. Requisition is the starting point for procurement.
PA
Patrick
2 years ago
I think it's D) Requisition because that's when the actual need for a product or service is identified.
LI
Lillian
2 years ago
I see your point, but usually it's the requisition that signals the need for procurement.
MA
Margurite
2 years ago
I believe it's actually the request for quotation that initiates the procurement process.
MI
Mitsue
2 years ago
But isn't it the specification that starts the procurement process?
CO
Cornell
3 years ago
I agree, a requisition is what triggers the procurement process.
LI
Lillian
3 years ago
I think the answer is D) Requisition.