4.02 Cornell Note Student Copy.docx - Cornell Notes...

Info icon This preview shows pages 1–2. Sign up to view the full content.

Cornell Notes Topic/Objective: 4.00 Understand business operations management. Name: Lacy Williams 4.02: Implement purchasing activities to obtain business supplies, equipment and services. Class/Period: 3rd Date: 4/9/18 EQ: how to implement purchasing in a business environment? Questions: What activities are involved in purchasing? What is the purchasing process? What are some factors to consider? Notes: Activities involved in purchasing Purchasing - The buying of goods and services for a business. The purchasing process is much more streamlined in small companies than in larger businesses, especially when the businesses are still fairly new. The owner usually decides what to buy, when to buy, where to buy, and how much to buy. By selecting one person to manage all of the business's purchasing activities, you will decrease the risk of duplicating orders for the same materials The purchasing process used by businesses to obtain materials, equipment, and supplies used in their operation. Purchasing Process - A series of sequential steps taken by purchasing specialists to buy goods and services for a business.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '17
  • Management, Reorder level, Supply chain management terms

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern