One of the most important objectives of the purchasing function involves the selection,development,and maintenance of supply and is sometimes described as ____.
A) supply base management
B) maverick spend
C) customer service
D) procure-to-pay
E) backdoor buying

Question

Quizplus · Accepted Answer

Supply base management involves selecting, developing, and maintaining sources of supply for a company. This is a key objective of the purchasing function because it directly affects the quality of materials and services that the company receives, as well as the cost and delivery terms negotiated with suppliers. Maverick spend refers to unauthorized purchases made by employees outside of established procurement processes, customer service relates more to the delivery of goods and services to customers, procure-to-pay involves the end-to-end process of purchasing and paying for goods and services, and backdoor buying refers to unauthorized purchases made through alternative, non-standard channels.

One of the Most Important Objectives of the Purchasing Function