Purchasing Flashcards
1
Q
Purchasing department
A
Purchasing departments are responsible for buying goods and services that enable a business to operate. They will need to ensure that the correct, or required, goods are purchased and received by a set time in order to avoid any delays.
2
Q
Key aspects of stock management
A
Businesses must ensure that stock is available for use within the manufacturing process as and when it is needed.
Part-finished goods (work in progress) do not sit around the factory floor unused and losing value; instead, they are brought to the next stage as soon as possible.
Finished goods are available for timely delivery to customers and are not made until customers are found for them.
