Asssignment 1 - Purchasing Part 1 Commercial purchasing is " ..... that function responsible for obtaining by purchase, lease or other legal means, equipment, materials, supplies and services required by an undertaking for use in production" (Lysons). Also through the effective use of purchasing one would hope to add value to an organisation. The strategic importance of purchasing in a modern organisation cannot be underestimated. Whether an organisation realises it or not purchasing can have a very significant impact. …
showed first 75 words of 1907 total

showed last 75 words of 1907 total
…what depth, how large an area there is to work in), therefor I imagine that procurement would often have to get custom made one off machines built, and without effective purchasing these would never be cost effective for the mine. I beleive that all of these examples have given a clear reason as to why purchasing is essential in all areas of business and commerce, with regards to reducing costs, and more importantly increasing revenue.