The document outlines the key steps in a purchase cycle including: defining the purchase cycle as the process a customer goes through when purchasing a product or service; identifying the main stages as request to purchase/requisition, supplier selection, purchase order, fulfillment, goods receipt, supplier invoice/payment; and providing more details on the purchase requisition step of initiating a request to purchase a good or service.

1. PURCHASE CYCLE
PRESENTED BY:
VISHWANATH SHIVASHIMPAR
01FM19MBA037

2. Agenda Style
FORMATS OF PURCHASE CYCLE
PURCHASE CYCLE
Modern PowerPoint Presentation
01
02
• Define Purchase Cycle
• Step of Purchase Cycle
• Purchase Requisition
• Purchase Order
• Request for Quotation
• Comparative Statement

3. PURCHASE CYCLE

4. Define :
The process a customer goes through when purchasing a
product or service. Customers move through a series of
purchasing stages in the cycle as they educate themselves an
d move closer to making a final purchasing decision.

5. REQUEST TO
PURCHASE /
REQUISITION
SUPPLIER
SELECTION
PURCHASE
ORDER
FULFILLMENT
GOODS
RECEIPT
SUPPLIER
INVOICE/
PAYMENT
PURCHASECYCLE
STAGES

6. purchase requisation