What is the most important element in Purchasing Management?

Q: Which phase in the 8 Phases Involved in Organizational Purchasing Decision Making is the most…

A: The eight phases involved in the organization purchasing decision making are, 1. Recognition of the…

Q: What is the main objective of purchasing?

A: The most important function of material management is purchasing. Materials account for a sizable…

Q: Why is it important to include a policy that outlines the origin and scope of purchasing authority?

A: Purchasing authority:Purchasing authority is the kind of people who plays the role to purchase…

Q: What are new things that you've learned within the procurement subject and what are the activities…

A: This question is related to the topic of supply chain management and this topic falls under the…

Q: Five advantages of co-locating purchasing personnel with internal customers.

A: Internal customers are the ones that have an intricate relationship with an organization even if the…

Q: In more specific terms, what does negotiation in purchasing refer to? With references please

A: When it comes to the purchasing process, negotiations take place from the moment the purchasing…

Q: When a buying team visit a potential supplier, what evidence might they find that managers are not…

A: Factors that lead to rejection of potential suppliers:

Q: purchasing is believe to fulfil three major functions: Buy at a low price, ensure timely delivery…

A: Buying offices are at the focal point of successful supply chain the executives.  Commonly, they…

Q: Explain how is double marginalization affected by the profit margin of the retailer (p-w) relative…

A: Businesses exploit their market share to put a mark-up on costs in a phenomenon known as double…

Q: Explain the three steps o a buyer-supplier relationships using original practical examples for each.

A: Step 1: Building and maintaining a good relation between buyer and supplier helps to get more…

Q: what methods are use for managing procurement risks?

A: Risk management plays an important role in every department within an organization where there are…

Q: What are the buyer-supplier relationships and which one is most likely used by Unilever

A: Buyer-supplier relationships are the interaction between the buyer and supplier that happens due to…

Q: Illustrate how the procurement processflow?

A: THE ANSWER IS AS BELOW:

Q: Explain the meaning and objectives of purchasing?

A: Purchasing is a managerial activity that encompasses actions such as planning and policy…

Q: Ethical sourcing (ES) and sustainable sourcing (SS) are becoming an important issue in purchasing…

A: It is true that ethical sourcing and sustainable sourcing has become a vital issue while purchasing…

Q: What three tangible products that have to be sold directly by a producer rather than through…

A: Three tangible products that have to be sold directly by a producer rather than through distributors…

Q: Describe what is more important for a purchasing transaction, price timing or quality

A: Purchasing is really the act of buying to advance a company's goals.

Q: How can a  purchasing department influence the financial performance of a large manufacturer or a…

A: For any capacity to be effective, it should build up clear and quantifiable destinations, and work…

Q: Describe what purchasing managers do.

A: A Purchasing Manager is an employee within a company, business or other organization who is…

Q: Develop a Supplier Positioning Matrix and place the appropriate purchasing categories on it.

A: Supplies positioning refers to a business tool used for assessing the risk in the delivery or…

Q: Discuss the advantages of  1. Centralized Purchasing 2. Decentralized Purchasing

A: Advantages: Consolidation of Purchasing Volumes Reduced duplication of purchasing effort Ability to…

Q: Examine and compare software purchasing choices, including both traditional and web-based ones.

A: Purchasing has an overwhelming impact on the bottom line of every organization and impact on the…

Q: Maximizing the effectiveness of the procurement process is a major goal of an organization. What…

A: For a variety of factors, handling the procurement process is complicated. Reasons include…

Q: What steps in the purchasing process are done electronically versus paper ?

A: People are purchasing products online as well as directly from the market. The procurement process…

Q: Briefly explain how purchasing has developed over the years and the characteristics associated with…

A: Throughout the long run, purchasing has become more methodology arranged, instead of value-based.…

Q: Why are more top managers recognizing the importance of purchasing/supply management?

A: Purchasing management is a massive segment for any business. Organizations perceive the considerable…

Q: Suppose you are assigned the role of a purchasing manager. Which tasks are you expected to perform?

A: Purchasing managers in an organisation conducts planning, instructing, and coordinating the buying…

Q: Why is it important to discuss promptly the results of a supplier visit or survey withthe supplier?…

A: Aftereffects of a supplier review ought to be examined with the suppliers because of the…

Q: Using any business of choice, examine the stages of its purchasing cycle.This should be…

A: The purchasing cycle is a helpful step-by-step process to effectively purchasing. This will help an…

Q: Discuss what companies could do to influence the different stages of the purchasing process.

A: Consumer behavior refers to the study of consumers while they purchase a product or service. It…

Q: Discuss the two or three most important benefits to centralized purchasing authority. Justify your…

A: Centralized authority is where all the decision are in the hands of top level management. It flows…

Q: why would a firm want to measure a purchasing performance.

A:

Q: What is PURCHASING in supply management? and examples of it.

A: Supply management is the process of locating, obtaining, and managing resources and suppliers that…

Q: critically explain the two areas in which effient purchasing can contribute greatly to the overall…

A: Efficient purchasing is when a customer purchases a product, and it satisfies them completely.…

Q: Purchasing and supply management is an integrated part of an organisation. Select a corporate…

A: Controlling the full production flow of goods or services is known as supply chain management. Raw…

Q: What Is Separating Strategic and Operational Purchasing?

A: Strategic purchasing is the procedure by which the approaches are planned, executed, evaluated,…

Q: Why are more top managers recognizing the importance of purchasing/supplymanagement?

A: Supply chain management requires monitoring the flow of goods and services and includes all…

Q: Discuss identification stage of procurement with reference to this scenario.

A:

Q: Review and provide insight into key purchasing and supply measurements

A: Ideally, there are a number of key measures that are found to be common in every industry for…

Exclusive Distribution

“Exclusive Distribution is the one where in a manufacturer or supplier authorizes one distributor to carry out the distribution work within a definite region.”