 The next point after negotiation is concluding purchases. So purchases are normally concluded either manually or either automatically. In some cases management approval is required in order to conclude that purchases. Now it all depends about the title. So how the title will move? It again depends on the retailer. It again depends the contract between the retailer and the supplier. And again it properly purely depends on the supplier. So all three perspectives are important while concluding the purchases. So first of all the transfer of title may take place as soon as the order is shipped. There is a situation when the product is shipped to the retailer. Normally the ownership of the goods belongs to the retailer. The title of the goods belongs to the retailer. So such kind of arrangements are also there once you conclude particular purchase with the particular contract between the retailer and the supplier. The second part is about the retailer assumes ownership after titles are loaded onto the transportation vehicle. Or they have been sent to you. The vehicles is loaded. So then in this case it is considered that the titles belongs to the retailer instead of manufacturer. Be the arrangement of transportation is done by the supplier or be arrangement of the transportation is done by the retailer. In both cases if the situation agreed negotiated is like this then the titles belong to the retailer. Then the next part is about the retailer takes title when the shipment is received. So there are situations when the retailer takes the ownership takes the title. Once the retailer receives the good at the delivery at the deck at the deck of the retail store at the goods receiving point of the retail store. So once the goods are received the goods are physically received the documents are received entered into the system that retailer consider them as the ownership as a title of these goods are transferred. Again it depends on the nature of the product. It is food or non food. It depends. It is the arrangement of supplier and the retailer. The whole decision of the title the whole decision of the ownership depends on it. And then there is another part which is the retailer does not take the title unless the goods are invoiced unless the buying cycle has been complete. So there are situations where the title will remain with the manufacturer. For example if the goods have been sold to the retailer on sales basis in this scenario the title the ownership of the goods will be with the manufacturer. It will not be with the retailer because once the goods will be sold then on the basis of the sold stock the retailer is going to pay the retailer is going to pay informed to the supplier and the supplier will generate invoice and then the retailer will pay to it. And then once the goods are sold of course then these titles these ownership of these SKUs these quantities belongs to the retailer. So such kind of scenario is the last point is the last part in this discussion where you are going to conclude the purchases and then you are going to conclude about the title of the ownership of these products. So the retailer also accepts merchandise on consignment basis. So there are situations when a retailer sends you product and the whole stock is about the consignment and the ownership of and does not take the ownership of these particular goods. The supplier is paid after the merchandise is sold as I just explained about this on sales basis or on consignment basis. So such arrangements are agreed and concluded earlier in the contract. So when the retailer has negotiated everything now he's going to conclude about the purchases. So in getting the purchases there are two three four methods which I've just discussed where the titles belongs to the manufacturer. There will be cases where the title belongs to the manufacturer to the goods are received and the title belongs to reveal remain with the manufacturer unless the goods are sold or the title of the goods remains with the retailer. So retailer will decide, supplier will decide and the agreement between both of this will end up into conclusion the purchases in a win-win situation.