Which of the following is the objective of purchasing?

Question

Quizplus · Accepted Answer

The objective of purchasing is to ensure that required materials are available when they are needed, in the proper amounts, and at minimum cost. While replenishing stock and selecting suppliers are important functions of purchasing, they are not the primary objective. Determining the facility's level of output and controlling inventory and product quality are responsibilities of production and quality control, respectively, not specifically related to purchasing.

Which of the Following Is the Objective of Purchasing