Question

Which of the following statements is true regarding purchasing?

a. Purchasings' primary role should be placing and tracking orders.
b. Purchasings' primary role is to negotiate lower prices.
c. Purchasings' primary role is to negotiate prices and delivery dates.
d. Purchasing must satisfy the firm's short-term and long-term supply needs.
e. Purchasing primary role is to ensure the quality of goods received.

Answer 1

Purchasing's primary role is to negotiate prices and delivery dates and satisfy the firm's short-term and long-term supply needs.

Step-by-step explanation:

The statement that is true regarding purchasing is c. Purchasing's primary role is to negotiate prices and delivery dates.

Purchasing plays a crucial role in managing the supply chain of a business. While it involves placing and tracking orders, its primary role is to negotiate prices and delivery dates with suppliers. This helps the business ensure efficient and cost-effective procurement of goods and services.

In addition to negotiating prices and delivery dates, purchasing departments must also satisfy the firm's short-term and long-term supply needs (d). They are responsible for managing inventory levels, forecasting demand, and establishing relationships with reliable suppliers.