In Logistics Phase

• A. the buyer and seller are concerned with the gathering of market intelligence.
• B. a formal relationship is established between buyer and seller, including terms and conditions to be applied to transactions under the contract.
• C. this involves the placement and processing of purchase orders (or, in contractual terms, an offer), and acknowledgement by the seller of its preparedness to deliver (in contractual terms, an acceptance).
• D. deals with the delivery of goods and/or the performance of services. In addition, some post-delivery functions may be involved, in particular inspection, and acceptance or rejection.