The set of business processes required to purchase goods and services is known as

A) cycle inventory.
B) safety inventory.
C) seasonal inventory.
D) sourcing.

Sourcing

The process of identifying, evaluating, and contracting with suppliers of goods and services.

Business Processes

The series of steps or activities undertaken by a company to produce a product or service, often involving multiple departments and stages.

Goods and Services

The tangible products (goods) and intangible items (services) that are produced and provided to meet consumer needs and wants.