Role of purchasing managers. Introduction: Purchasing interacts with two other functional zones of an business would account since they have to pay the provisions so the organization can keep an association with their merchant and furthermore the bookkeeping division has to know when item is gotten so they can exploit any rebates for paying early.

Question

Want to see the full answer?

Answer 1

Question

Chapter 15, Problem 15DRQ

Summary Introduction

To determine: Role of purchasing managers.

Introduction: Purchasing interacts with two other functional zones of an business would account since they have to pay the provisions so the organization can keep an association with their merchant and furthermore the bookkeeping division has to know when item is gotten so they can exploit any rebates for paying early.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

provide scholarly research on the importance of internal risk assessement and auditng process in relation to US bank Cititbank loosing USD500 million in August 2020

The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average inventory value. Find and explain the economic order quantity and the total inventory cost per annum.

Following their early success and growth, Listo hired a number of new managers and employees. In response to the expansion of staff, Listo reorganized by adding layers of supervisors and managers between executive management and line staff; however, growth occurred so rapidly that proper training was not provided to the new employees. Management was less concerned with the employees’ opinions and was more focused on production and profit. Instead of enlisting employees’ opinions, more directive orders were given. The change and increased complexity associated with adding new layers to the hierarchy resulted in the organization’s goals and objectives becoming unclear. Employees began to complain about the new bureaucratic processes and the slow pace of decision-making. While the organization has been growing in size, productivity has slowed and quality has decreased. The turnover rate is higher than it has ever been, and the number of sick days that people take has doubled over the past…