Which of the following statements explains 'purchasing management'?
A) All activities necessary to manage supplier relationships in such a way that their activities are aligned with the company's overall business strategies and interests.
B) Relates to all activities necessary to manage customer relationships in such a way that their activities are aligned with the company's overall business strategies and interests.
C) Relates to all activities necessary to manage staff relationships in such a way that their activities are aligned with the company's overall business strategies and interests.
D) Relates to all activities necessary to manage financial relationships in such a way that their activities are aligned with the company's overall business strategies and interests.

Question

Which of the following statements explains 'purchasing management'? 
A) All activities necessary to manage supplier relationships in such a way that their activities are aligned with the company's overall business strategies and interests. 
B) Relates to all activities necessary to manage customer relationships in such a way that their activities are aligned with the company's overall business strategies and interests. 
C) Relates to all activities necessary to manage staff relationships in such a way that their activities are aligned with the company's overall business strategies and interests. 
D) Relates to all activities necessary to manage financial relationships in such a way that their activities are aligned with the company's overall business strategies and interests.

Quizplus · Accepted Answer

Purchasing management refers to managing supplier relationships in a way that aligns their activities with the company's overall business strategies and interests. It involves activities such as supplier selection, negotiation, contract management, and performance evaluation.

Which of the Following Statements Explains 'Purchasing Management