Item categories must be defined in the procurement process. This defines the process regarding how the item is procured. Standard is where you create a purchase requisition, convert it to a purchase order, vendor ships material and vendor invoices and payment is made. Consignment is where the vendor is paid only when the item is used or sold. Third party is where the vendor ships directly to a customer. Subcontracting is where a company sends material to vendor who uses the item create semi-finished goods. Stock transfer is where materials are obtained from another plant within the same organization and services are things like janitorial , landscaping. within Question 3 options: True False