Role of Purchasing Department in Business

Every organization has predefined objectives. There are many functions across an organization responsible for performing specific tasks. The purchase department forms an essential part of any organization’s business operations. The purchase department is entrusted with the responsibility of purchasing goods and services required to carry out various business activities.

The purchase department is required to assist all the functions of an organization by arranging required material and supplies which can be relevant to the core business process or routine office work. Let us suppose you decide to buy a new television. Generally, all of us would follow specific steps in sequence before we proceed ahead with the purchase decision. We would consider our budget, brand we wish to buy, quality, warranty period, features, and so on. In today’s competitive environment, we often see different dealers/distributors, selling the same product at different prices.

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