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Which term refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products
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Which term refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products

User Nactus
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10 votes
Answer:

B. Procurement planning

Step-by-step explanation:

A procurement planing helps you define, determine and plan the quantity of products and services (especially raw materials ) that the business will obtain from external suppliers.
It helps to coordinate the activities involves in buying the materials that the organisation will use in manufacturing a new product. A procurement plan helps to identify the needs and requirement and also helps to determine the time frame for their purchase so as to meet the needs at the appropriate time
User Palak Darji
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