RSTO 1325 Lecture 1: RSTO chapter 1
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Department
RSTO
Course
RSTO 1325
Professor
Antonio Pace
Semester
Spring

Description
1. Selection can be defined as choosing from amoung various alternatives on a number of different levels. 2. Procurement can be defined an orderlu, systematic exchange between a seller and a buyer. The process of obtaining goods and services, including all activities associated with determining the types of products needed, making purchases, receiving and storing shipments and administering purchase contracts. 6. Small operations are typically run by an owner-manager who does all of the purchasing for their business. They oversee the other related purchasing activities such as receiving seliveries and paying the bills. Large operations are different in which they require a full
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