Which of the following is true of purchasing

Question

Quizplus · Accepted Answer

Purchasing can have a significant impact on total supply chain costs as it involves the acquisition of goods and services from suppliers, which can impact the overall cost of production and distribution.

Answer: D 
 The statement "The principal goal of purchasing is to source products from a single supplier to avoid capacity risks" is incorrect. The primary goal of purchasing is to ensure the availability of raw materials, goods, and services at the right price, quality, and time from reliable suppliers. Diversifying suppliers can help mitigate risks and ensure continuity of supply.

Which of the Following Is True of Purchasing