Answer to Question #271869 in Management for noxolo

Question

explain the importance of purchasing and supply in a company

Answer 1

Materials management's purchasing function.

The Material Planning function determines the raw material, part, component, and spare part requirements for production and makes choices on them. What should I buy, how should I buy it, and when should I buy it? All of these decisions lead to the creation of material requisitions, which are then forwarded to the buying department for further action in procuring the items specified in the requisitions.