Month: October 2016

Due to the globalization of manufacturing operations, procurement network, increasing competitions and increase raw material prices, management is looking for the ways to reduce the cost without compromising quality and to retain or increase margin. Here purchase department is playing an inevitable role to achieve the organizational goal of managing cost and protecting margins. Here […]

Purchase management is one of the complex process in supply chain with objectives that reach far beyond the traditional belief that purchase departments primary role is to obtain goods and service to satisfy internal needs only. We can categorize purchase departments overall role in four sections: smooth continuity of supply, effective sourcing, vendor management, develop […]