A typical purchasing department is responsible for the acquisition of broad range of materials and supplies.
The purchasing activities can be either complex or simple.
Purchasing directives usually serve as the road map for all material and supply transactions. The driving force behind and purchasing corporate policy consider the following objectives:
(1) Spend corporate funds wisely
(2) Operate in a professional manner
(3) Purchase the right material in the right quantities, at the right time and price, from the right source
(4) Practice the highest level of ethical standards to ensure confidence among all parties