The purchasing management process - Purchasing management process - Purchasing and supply (market) research
3 important questions on The purchasing management process - Purchasing management process - Purchasing and supply (market) research
What is supply market research?
Supply market research can be defined as the systematic gathering, classification and analysis of data considering all relevent factors that influence the procurement of goods and services for the purpose of meeting present and future company requirements
What is purchasing market research?
Purchasing market research is used first of all to support purchasing policies and decision - making. It must generate data and alternatives on which the buyer or management can make better purchasing decisions. Purchasing research may have both an external and an internal focus.
What are quality costs? Which three type of costs?
Relate to three types of costs:
1. prevention costs: the costs of preventing errors;
2. assessment costs: the costs related to the timely recognition of errors
3. correction costs: the costs that result from correcting mistakes.
1. prevention costs: the costs of preventing errors;
2. assessment costs: the costs related to the timely recognition of errors
3. correction costs: the costs that result from correcting mistakes.
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