The focus of the purchasing function in the new millennium (year 2000 onwards)has been
A)developing basic purchasing procedures.
B)obtaining scarce materials.
C)solely on reducing prices.
D)developing collaborative relationships with suppliers.

Question

Quizplus · Accepted Answer

The focus of the purchasing function since the year 2000 has shifted towards developing collaborative relationships with suppliers. This approach emphasizes partnership and long-term engagement rather than just transactional interactions, aiming to create mutual benefits, improve supply chain efficiency, and foster innovation.

The Focus of the Purchasing Function in the New Millennium