Purchasing management is an administrative activity practiced in all organizations, whether industrial, service or commercial. Hospitals, universities, institutes, schools, government bodies and every other entity need to buy materials, tools, equipment and supplies to achieve their goals.
Contribution to organizational goals
Purchasing management contributes effectively to achieving the goals of these organizations because of the tasks it carries. Without a purchasing department, an organization cannot carry out its work, from providing office supplies and stationery to buying the heavy machinery and equipment needed by all departments, factories and branches.
Role and tasks of purchasing
Sourcing and selecting suppliers
Controlling cost and quality
Staff in purchasing, warehousing and supply departments; managers and department heads interested in controlling spending and improving purchasing efficiency; students and others interested in management and supply chains.