What is the role of procurement for enterprises?

Purchasing management is all the management activities that enterprises take to buy the right quantity of goods or services from the right suppliers at the right time and at the right price to meet the needs of production and sales. Therefore:

1. Procurement is the main area of cost saving.

2. Procurement is the key factor to ensure product quality.

3. Procurement is an important guarantee to ensure the delivery date of the final product.

4. Suppliers participate in new product development.

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