(Solution) - Refer to Figure in the text which illustrates three alternative -(2025 Original AI-Free Solution)

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Refer to Figure in the text, which illustrates three alternative methods of ordering inventory.

Required
a. Distinguish between a purchase requisition and a purchase order.
b. Discuss the primary advantage of alternative two over alternative one. Be specific.
c. Under what circumstances can you envision management using alternative one rather than alternativetwo?