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What is Purchasing Importance

Chapter 172
Encyclopedia of Networked and Virtual Organizations
Perceived importance reflected on top management support, and equality with other major functions within the firm.
Published in Chapter:
Purchasing as an Integrated Competence
Erla M. Morales (University of Salamanca, Spain), Francisco J. García (University of Salamanca, Spain), and Ángela Barrón (University of Salamanca, Spain)
Copyright: © 2008 |Pages: 8
DOI: 10.4018/978-1-59904-885-7.ch172
Abstract
Nowadays, firms face a complex and changing business environment. Under the pressure to increase competitiveness, many firms have realised that purchasing decisions affect more than the material flow along the value chain. The increasing emphasis on reduced cost and improved quality, on faster product development through cross-functional teams, and on closer buyersupplier relationship, are changing their perception of purchasing.
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