What is the purchasing mix?

Answer 1

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.

Answer 2

How do they influence purchasing process