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Assignment Purchasing Management

   

Added on  2020-04-07

12 Pages2717 Words309 Views
Business DevelopmentHigher Education
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Running head: PURCHASING MANAGEMENTPurchasing Management Name of the StudentName of the UniversityAuthor Note
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1PURCHASING MANAGEMENT
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2PURCHASING MANAGEMENTTable of ContentsIntroduction......................................................................................................................................3Supplier Selection Criteria...............................................................................................................4ICT for Purchasing Operations........................................................................................................6Purchasing cost Analysis.................................................................................................................7Conclusion.......................................................................................................................................9Reference.......................................................................................................................................10
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3PURCHASING MANAGEMENTIntroduction Purchasing management is one of the important departments within an organization,which is responsible for all types of purchasing activities that are needed to maintaininfrastructure within the organization. It is the duty of the purchasing department of anorganization to ensure that all the raw materials and goods that are needed for the operation of abusiness are being properly maintained with the help of proper supply chain. The overall costand price of the product that are being sold by the organization are deceived by the policies ofthe purchasing department. The primary objective of the purchasing department is to ensure that good quality ofproducts is being purchased by the organization at minimum amount of pricing. It is alsoessential to ensure that the organization have a proper relationship with all the suppliers. Bymaintaining proper data, it is possible for the purchasing department to keep record of all therelevant information related to business transaction. The current report will analyze the components of purchasing department within theTemasek Polytechnic of Singapore. This is one of the premium learning institutes of Singaporeand the third of its kind in the nation. The education institute is mostly famous for its high levelof infrastructure that is being offered to the students. The institute was established in the year1990 only 30 hectare of plot, which offers all type of modern facilities that are needed forlearning procedures. The institute currently has more than 15000 students and almost 1200administrative staffs. It is essential for the purchasing department of the Polytechnic College toensure proper policies are being implemented that can ensure smooth functioning of theorganization. The current report will focus upon few of the primary elements related to
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