working with suppliers Flashcards
role of procurement
The management of the buying or purchasing area in a business.
WHY?
It is vital to ensuring nothing goes wrong when choosing and managing where products are bought as it will reflect badly on the business.
HOW?
Procurement has a number of roles in a business;
Identifying goods and services to buy
Choosing suppliers
Ordering goods and services
Receiving deliveries from suppliers
Identifying goods and services to buy
The time of year
Changes in technology
Changes in fashion and lifestyle
choosing suppliers
Businesses must be very careful when choosing suppliers and often their decision is influenced by two factors.
Ordering goods and services
Procurement is particularly important when dealing with the actual ordering of goods and services needed by the business.
