Question

Without the aid of reference, explain the nine steps/actions required to execute "In Store" procurement of ServMart items.

Answer 1

The nine steps/actions required to execute In Store procurement of ServMart items are identified, checked, requisitioned, approved, ordered, submitted, received, verified, and completed.

Step-by-step explanation:

The nine steps/actions required to execute "In Store" procurement of ServMart items are as follows:

1. Identify the items needed for procurement.
2. Check the availability of the items in the ServMart store.
3. Make a purchase requisition for the required items.
4. Obtain necessary approvals for the requisition.
5. Prepare a purchase order based on the approved requisition.
6. Submit the purchase order to the ServMart store.
7. Receive and inspect the goods once delivered.
8. Verify the quantity and quality of the received items.
9. Complete the procurement process by updating inventory records and making payments.