Characteristics of Purchasing
Purchasing objectives may be both general and specific. The overall purchasing task or the general objective is to obtain materials of the right quality in the right quantity,
Marketing
Factors Affecting The Level Of Stock Held
The stock control system is responsible for the correct establishment of stock. When these levels are being established certain basic operational factors
Contribution Of Purchasing
The determination of quality can be a complex problem with a variety of people making some contribution. It is important therefore,
Price Variation
Price may vary between suppliers at different times due to the following factors: Quantity Consideration Some suppliers do offer an incentive to buyer (quantity discounts)
Elements of Pricing
Buyers are always under pressure to consider the lowest price “the right price”, mainly because the amount of expenditure incurred on a purchase is immediately obvious to everyone when the…
Purchasing Cycle / Procurement Procedures
The purchasing cycle is the sequence of events that has to be gone through before an item is finally delivered to stock. A purchasing department buys many different types of…
Documentations in Purchasing
With both manual and computerized purchasing systems, the basic documents needed in purchasing are requisition, bill of materials, enquiry form, purchase order, forms, advice note, consignment note,
Intra and Inter Personal Characteristics of Consumer Behaviour
The consumer behaviour characteristics also known as consumer personal factors include lifestyle, age or the stage of the consumer in life cycle
Selling and Purchasing
Whether you are an individual or corporate organization, there will always be the need buy or sell or both. Since a business organization is both
Purchasing and Purchasing Cycle
Carter describes purchasing as the department which is concerned with the process of ascertaining the organisation’s material and service needs,