The main activity of every business is buying low and selling high. Granted the value added internally may not be that substantial except in a monopoly (and who aside from government and cronies have that) the usual value creation is not only in sourcing the cheapest and best suppliers/supply but also maintaining a good relationship with them. Without that continuing focus who can be sure to make money, except of course if you have a negotiated cost plus contract.
evens the supply of goods and reduce price fluctuations.
what is the importance of purchasing
what is the importance of personnel in an organization
The purchasing department is responsible for buying all the goods and services for the organization.
Building a goodwill in the business world with which it deals. discovering new materials which may be used to advantage as substitutes for materials in use.
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To purchase the materials the organization needs to opperate
Is a rules and regulation that guide the purchasing personnel on their daily job
There is great importance in file organization. This type of organization can be easily looked through and files are easy to retrieve.
Patterns in the organization of purchasing, identi- fied contextual factors that influence its design or analyzed the contribution of the PO to purchasing.
of what importance is planing to an organisation
what is the importance of managerial economics principles in the modern organization?