Unit 1: introduction to principles of purchasing Flashcards
1
Q
what is supply chain?
A
it is activities associated with the flow and transformation of goods from raw materials to end-users
2
Q
What do the purchasing functions cover?
A
Determine specification select supplier negotiate with supplier place order with the supplier monitor and control order Follow up and evaluation
3
Q
What is purchasing management
A
it is the management of purchasing process and supplier relationships
