Purchasing
- Tags:
- Business Operations,
- Channel Management,
- Function,
- Marketing,
- Materials,
- Purchasing & Procurement
- Source:
- The Engineering Computing Center
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Overview: Purchasing is not a service function, but a profit making activity. Materials are a large part of total cost; procurement is best handled as a separate distinct function reporting directly to the top level operating executives. Real purchasing job starts long before the specifications or requisitions are written. The purchasing needs and deserves highly trained, competent personnel. Purchasing should be represented in top operating councils. The article introduces you with the basis and objectives of purchasing. In this context it explains that purchasing involves determining the need, selecting the supplier, arriving at the appropriate terms and conditions, issuing the contract and following up to ensure delivery. All this more, inside the document, read on for details.
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Format: WORD | Date: Jan 2003 | Pages: 33
