Question by : relationship between purchasing and strategy?
Best answer:
Answer by icprofit6000
Strategic purchasing is a methodology used in many businesses to realize the greatest amount of benefit to the company while still effectively managing the costs associated with the acquisition of raw materials and operational components. As opposed to tactical purchasing, which tends to see the purchasing process as somewhat distanced from other functions within the corporate structure, strategic purchasing attempts to promote the most efficient use of all materials throughout the company. The goal of strategic purchasing is to increase the bottom line of the company through the most judicious use of purchasing approaches and strategies.
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