Purchase (Module)

Purchase

The purchasing management department ensures that all goods, supplies and inventory needed to operate the business are ordered and kept in stock.

The purchasing management department ensures that all goods, supplies and inventory needed to operate the business are ordered and kept in stock. It is also responsible for controlling the cost of the goods ordered, controlling inventory levels and building strong relationships with suppliers. Objectives of Purchasing Management.

  • To purchase the required material at minimum possible price by following the company policies.
  • to keep department expenses low.
  • Development of good & new vendors (suppliers).
  • Development of good relation with the existing suppliers.
  • training & development of personal employees in department.
  • to maintain proper & up to date records of all transactions.
  • Participating in development of new material and products.
  • to contribute in product improvement.
  • to take Economic "MAKE OR BUY" decisions.
  • to avoid Stock- out situations.
  • to develop policies & procedure.
  • to maintain of ROL.

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