Answer:
A buying manager often goes through a process before signing a contract with a supplier. They may consist of:
Determining the need: The buying manager determines the quantity and quality needed for the products or services inside their firm.
Finding suppliers: The buying manager does research to find possible vendors that can fulfill the needs of the company.
Requesting quotations: The buying manager may ask the chosen suppliers for quotes or proposals that list the products or services they can provide, together with their prices, deadlines, and other details.
Evaluation of bids: The purchasing manager assesses the submitted proposals in accordance with a number of factors, such as cost, level of quality, timeliness of delivery, terms of payment, and standing of the supplier.
Step-by-step explanation: