Purchasing and supply chain management benton pdf
Lesson 6 - SCM Sourcing 101- Learn sourcing of materials in procurement, purchasing management
Purchasing and Supply Chain Management / Edition 3
Purchasing and supply chain management / W.C. Benton, Jr., the Max M. Fisher College of Business, the Ohio State University Benton, W. C.,
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Benton, Jr. Multiple Choice Questions. The development of a strategic purchasing plan requires all of the following with one exception. Which one is incorrect? Study of the degree of local purchasing opportunities. Phase 1.
Purchasing is one of the basic functions common to all organizations. It is the process of acquiring goods, services, and equipment from another organization in a legal and ethical manner. Professional purchasing addresses five rights: purchase of the right item or service, in the right quality, in the right quantity, at the right price, at the right time. Purchasing provides the foundation of supply management, which tends to have a wider scope of activities. The focus shifts from price to the total cost of ownership. Supply management also puts more emphasis on helping a firm increase its profitable sales.