Chapter 1 - ONBP 221 Chapter 1: The purchasing function in...

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ONBP 221 Chapter 1: The purchasing function in perspective
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INTRODUCTION Objectives – satisfy needs, serve society, generate profits Thus use material resources, services, machinery, people 8 different functions Management function Production / operations function Human resource function Marketing function Financial function Information function Public relations and communication function Purchasing function
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management in business management 5 7 8 9 10 1 112 13 15 16 17 18 19 20 14
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LEARNING OUTCOMES Describe the nature of the purchasing function Explain the difference between the concepts “purchasing” and “supply management” Distinguish between purchasing objectives and supply management objectives Illustrate and explain the importance of purchasing and supply management for business enterprises Discuss the influence of the purchasing function on other business functions Illustrate and explain the elements and procedures of a purchasing system
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THE UNIVERSAL NEED FOR PURCHASING All institutions require goods (raw and other materials, machinery, equipment, installation, repair, maintenance, transport). Manufacturing businesses production processes Commercial businesses reselling Government departments, regional authorities, churches, universities . . . All these need effective purchasing and
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Chapter 1 - ONBP 221 Chapter 1: The purchasing function in...

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