Purchasing Departments Can Be Seen as a Primary Designer and Facilitator

question 13

True/False

Purchasing departments can be seen as a primary designer and facilitator of important inward- and outward-facing sourcing policies.

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Definitions:

Stockout

A situation in which a company does not have enough inventory available to fill an order.

Inventory Available

Refers to the products or goods a company has in stock and is ready to sell or distribute to customers.

Obsolete Inventory

Stock that is no longer sellable due to being out of date, out of fashion, or superseded by newer products.

Materials Management

The process of planning, acquiring, moving, and controlling materials to efficiently produce goods or services.