The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60% or more of the cost of finished goods.

Question

Quizplus · Accepted Answer

The importance of purchasing extends beyond just the cost of parts and materials; it also involves quality, supplier relationships, lead times, and overall supply chain efficiency, all of which impact the cost and quality of finished goods.

The Importance of Purchasing Relates Only to the Cost of Parts