Hogeschool Rotterdam (HR) • BUSINESS 1106purchasing and materials management
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BUSINESS 1106purchasing and materials management 1
Latest notes & summaries Hogeschool Rotterdam (HR) • BUSINESS 1106purchasing and materials management
Purchasing 
Purchasing describes the process of buying. It is the learning of the requirement, 
identifying and selecting a supplier, negotiation price. Purchasing is an element of the 
wider function of procurement and it includes many activities such as ordering, expediting, 
receipt and payment. Purchasing is responsible for obtaining the materials, parts, supplies 
and services needed to produce of a product or provide a service. (Joyce, 2006) Purchasing 
can be divided into two broad catego...
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Hogeschool Rotterdam•BUSINESS 1106purchasing and materials management
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Purchasing 
Purchasing describes the process of buying. It is the learning of the requirement, 
identifying and selecting a supplier, negotiation price. Purchasing is an element of the 
wider function of procurement and it includes many activities such as ordering, expediting, 
receipt and payment. Purchasing is responsible for obtaining the materials, parts, supplies 
and services needed to produce of a product or provide a service. (Joyce, 2006) Purchasing 
can be divided into two broad catego...