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Purchasing is the management of the acquisition process

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Purchasing is the management of the acquisition process. This includes deciding which suppliers to use, negotiating terms and conditions, etc. It must satisfy the firm's long-term needs and support the firm's capabilities to produce goods and services. Elaborate on the purchasing function as part of supply chain management and its importance.

AFTER COMPLETION MUST RESPOND TO TWO/THREE CLASSMATES, PRICE IS INCLUDED.

Reference no: EM132347113

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