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Purchasing

The aims of the purchasing department are:

  • to ensure the firm has the quantity and quality of goods required for efficient production
  • to buy at prices as competitive as possible
  • to get delivery as fast as possible to ensure stocks are available as required
  • to build a good relationship with suppliers
  • to ensure suppliers are prompt and reliable

There is a trade-off in purchasing. The buyer will often be able to negotiate better prices if the quantity ordered is larger, but a larger quantity of stocks may mean an opportunity cost - money tied up. There are therefore various costs from stocks.




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