importance of procurement function in manufacturing

Importance of Procurement Function in Manufacturing

Importance of Procurement Function in Manufacturing
Importance of Procurement Function in Manufacturing What is the Procurement Function? Procurement refers to an organization's strategy to acquire goods and services for ensuring successful business operations. The procurement process ensures the right materials/products/services are obtained at the right price, from the right source/vendors, in the right quantity, meeting the right specifications, and delivered at the right time to the right users. What is the importance of Procurement in a manufacturing organization?  Companies involved in manufacturing and related sectors, typically inc...
Read More