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This is the term for all the factors which have to be considered by the Purchasing Department when ordering materials.
- Suppliers.- a reliable which is available when requires is very important, or if there is an alternative available.
- Delivery time- the time taken from placing an order and receiving the materials is called the "lead time". Some firms operate a JIT ( Just In Time) system of stock control, which that only enough stock yo keep production going is held.
- Price- discounts may be available for bulk buying or guaranteed regular orders over a period of time. Other firms buying stock may be interested in favourable credit terms to give them longer to pay for the stock. Price must be balanced against quality.
- Quality- should be suitable for the desired quality of the end product to satisfy consumer requirements.
- Quantity- the quantity order will depend on- discounts available, rate at which materials are used, how much storage space is available, the money available for buying stock, the cost of holding and insuring the stock, the nature of the stock- is it perishable or not.
What else can I help you with?
What Differences exist between proactive purchasing and reactive purchasing?
Proactive purchasing is when you are for the product and reactive purchasing is when you react badly to the product. This is a consumer's way of thinking.
What is the relationship between purchasing and marketing?
the five relationship between purchasing and marketing
How does strategic sourcing work?
Strategic sourcing is a method of purchasing re-evaluating a company's purchasing of products. The process involves systematically checking and evaluating the total price of the supply market (What a company is purchasing), cross referencing it with what they could be purchasing, and establishing a new supply chain. (Purchasing the more cost-effective materials)
When planning the promotional mix a business should consider what target market factors?
When planning the promotional mix, a business should consider factors such as the demographics, preferences, and behaviors of its target market. Understanding the audience's communication channels, media consumption habits, and responsiveness to different promotional strategies is crucial. Additionally, cultural influences and purchasing motivations can shape how effectively the promotional mix resonates with the target audience. Tailoring the approach to align with these factors enhances engagement and drives better marketing outcomes.
What is the relationship between purchasing functions and marketing department?
The answer is that marketing and purchasing both uses money. and etc. Such as if i buy an outfit im purchasing something and the marketing department would get benefits.
What is purchasing mix and its different elements?
The purchasing mix, often referred to as the "marketing mix" in procurement, encompasses the various elements that organizations consider when making purchasing decisions. Key elements include product specifications, price, quality, supplier relationships, and delivery terms. Each element plays a crucial role in ensuring that the procurement process aligns with the organization's strategic goals and operational needs. By carefully managing these components, businesses can optimize their purchasing strategies and enhance overall efficiency.
What is decentralised purchasing?
This is a purchasing system where a purchasing resources are dispersed into local business units where all units do their own purchasing
Is a dachshund terrier mix compatible with a King Charles Spaniel?
I have a Terrier Dachshund mix and I would like to know if it will be compatable with a King Charles Spaniel, which I'm considering purchasing and adding to our family. Please let me know your response. Thank you, Deborah Early dearly12@gmail.com 858-349-2543
What are purchasing principles?
what is purchasing principle
What are the importance of purchasing and function?
what is the importance of purchasing
What are beach towels made of?
Beach Towels are made of 100% Cotton Fiber and some are made with cotton and polyester mix , if you are intrested in purchasing some Towel Depot got a huge variety at http://www.thetoweldepot.com
What Differences exist between proactive purchasing and reactive purchasing?
Proactive purchasing is when you are for the product and reactive purchasing is when you react badly to the product. This is a consumer's way of thinking.
Which is correct Purchasing's Department or Purchasing Department's?
The correct form depends on the context. "Purchasing Department" is typically used to refer to the department itself, while "Purchasing Department's" indicates possession, as in "the Purchasing Department's policies." If you're simply naming the department, use "Purchasing Department." If you're describing something that belongs to the department, use "Purchasing Department's."
What is the objectives of purchasing and supply?
what are the objectives purchasing and supply in uganda
Organisational issues of the purchasing function?
the organisational issues of the purchasing function focus on the purchasing function of an organisation in a decentralisation or centralise manner.
What is the formula for purchasing managers index?
What is the formula for purchasing managers index?
How can costs be reduced in purchasing and supply?
Cost can be reduced in purchasing and supply by purchasing in bulk. When businesses purchase in bulk they are able to get discounts from suppliers.
