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The 'Five Rights' of purchasing
- The right quality.
- The right quantity.
- The right place.
- The right time.
- The right price.
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DONALD G BARBER JR, C.P.M., A.P.P., CM, CPIM, C.A.M., CPSM
1926 Woodcrest Drive
Duncan OK 73533
580-786-4445
donbarber@donbarber.net
www.donbarber.net
Wiki User
∙ 14y ago
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The 'Five Rights' of purchasing - The right quality - The right quantity - The right place - The right time - The right price?
The five rights of purchasing describe ideal principles for interacting with suppliers. Today, there purchase decisions are much more involved. For example, one may need to increase the price in order to lessen the chance of receiving a low quality product.
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