What is the best answer to describe purchasing principles and practices?
Asked by gina j
I'm applying for a job that requires for you to know the question above. Could it be the following: Recognition of need the translation of that need into commercially equivelent description. The search for potential suppliers. The selection of a suitable source. The agreement on order or contract details. The delivery of the products or services. The payment of supplier? Help Please?

Best Answer:
The fundamental principle of Purchase Management is "To supply the right material at the right time and at the right place " !!