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- Examples of purchasing activities include12:
- Conducting market research
- Determining needs based on market demand and inventory
- Negotiating contracts and competitive bids with suppliers
- Performing quality assurance on received materials, goods, and services
- Maintaining vendor and supplier relationships
- Keeping a purchase order record to measure performance
- Purchasing raw materials, components, parts, machinery, items for resale, office supplies, marketing services, utilities, and wholesale items
- Engaging law firms, contractors, contingent labor, and on-site security services.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Conducting market research. Determining needs based on market demand and inventory. Negotiating contracts and competitive bids with suppliers. Performing quality assurance on received materials, goods and services. Maintaining vendor and supplier relationships. Keeping a purchase order record to measure performance.drydengroup.com/what-is-procurement-with-examp…Examples Raw materials, components and parts, machinery, items purchased for resale Office supplies, marketing services, utilities Raw materials, wholesale items, office supplies Law firms, contractors, contingent labor, on-site security serviceswww.netsuite.com/portal/resource/articles/accounti… - People also ask
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