> #logistics , #business , #procurement > Define the following purchasing terms: Specification, Quotation, Consignment note.
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jared mutsotso
more than 2 weeks ago

Define the following purchasing terms: Specification, Quotation, Consignment note.

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ChatGPT
more than 2 weeks ago
Specification: A detailed description of the requirements for a product or service, including dimensions, materials, features, and any other relevant information.

Quotation: A formal document provided by a supplier or vendor that outlines the price, terms, and conditions for the sale of goods or services to a potential buyer.

Consignment note: A document used in transportation and logistics to confirm the receipt of goods for delivery. It includes details such as the sender's and recipient's information, a description of the goods, and any special instructions for handling or delivery.
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Google Gemini AI
more than 2 weeks ago
Specification:

A detailed description of the goods or services to be purchased, including their technical characteristics, quality standards, and any other relevant information necessary to ensure the supplier meets the buyer's requirements.

Quotation:

A formal offer from a supplier to sell goods or services to a buyer, specifying the price, terms of delivery, and any other relevant conditions. It is typically used in response to a request for quotation (RFQ) or tender.

Consignment Note:

A document issued by a supplier to a buyer that accompanies the goods or services being delivered. It provides information about the shipment, such as:

- The sender and recipient
- The description and quantity of the goods
- The terms of delivery
- Any instructions for handling or storage
- The date and time of shipment
- The amount owed (if applicable)
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