Which of the following is the objective of purchasing?
A) Routinely replenish the stock.
B) Ensure that required materials are available when they are needed, in the proper amounts, and at minimum cost.
C) Select suppliers.
D) Determine the facility's level of output.
E) Control inventory and product quality.

Question

Quizplus · Accepted Answer

The objective of purchasing is to ensure that required materials are available when they are needed, in the proper amounts and at minimum cost. While the other options may be related to purchasing, they are not the primary objective of the purchasing function.

Which of the Following Is the Objective of Purchasing