Which of the following best explains 'purchasing's involvement in new product development'?
A) Ensuring that goods ordered are delivered according to the company's specifications.
B) The continuous monitoring and evaluation of activities initiated to reduce costs.
C) The continuous monitoring of quality of supplied orders.
D) This relates to purchasing's contribution to product innovation.

Question

Which of the following best explains 'purchasing's involvement in new product development'? 
A) Ensuring that goods ordered are delivered according to the company's specifications. 
B) The continuous monitoring and evaluation of activities initiated to reduce costs. 
C) The continuous monitoring of quality of supplied orders. 
D) This relates to purchasing's contribution to product innovation.

Quizplus · Accepted Answer

Purchasing's involvement in new product development primarily relates to its contribution to product innovation, by identifying and integrating new technologies or materials from suppliers, and collaborating with them to develop unique components or products.

Which of the Following Best Explains 'Purchasing's Involvement in New