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

Q: Explain how sales and purchasing can help each other by establishing a good relationship

A: All of the selling and buying of goods and services takes place in the sales department. Salespeople…

Q: When might a purchaser select a supplier that is having financial difficulties?

A: ANSWER: Supplier selection and evaluation process include accessing new and existing suppliers with…

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: What procurement mistake would be the most detrimental for your organization and why?  Which one…

A: Regardless of whether you are running the procurement division in an organization, working a…

Q: Explain when might a purchaser select a supplier that is having financial difficulties?

A: Contacting new and existing suppliers to determine their delivery, management, and service quality…

Q: What are the two main leverages of managing supply?

A: Supply means the total amount of the particular type of goods and service that is/will be available…

Q: Describe three scenarios which a buyer might choose a supplier who is experiencing financial…

A: For a buyer, choosing a retailer with financial problems is very rare. But yeah, the buyer could…

Q: Discuss the advantages and disadvantages of an optimized supply base.  How can a buyer overcome the…

A: Supply Base Optimization:  Supply base advancement alludes to a system of managing a predetermined…