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Purchase System

Presentations | English

To be an efficient and well-disciplined businessman, one needs to have a good awareness on monitoring the inventories, tracking the goods and services, better budgeting and so on. All these components come under what we call as purchase system. We can address it as ‘stem to stern’ of a business. Thus it can be defined as a method used by the businesses to buy products or services. On buying the products it focuses mainly on three important questions: what, how and when. Different kinds of existing purchase system include E-purchasing, Stockless purchase system, Rate contract method etc... Purchase system not only helps in fueling the purchasing process rather it is a major component that guides and helps different companies in reducing supply costs. It also helps in controlling a company’s cash flows. Purchase system has further benefits like cutting down the costs, reducing human errors, evaluating whether necessary purchases are done and ensuring if reasonable prices are being paid on goods and services. The following presentation gives a detailed overview on purchase system.

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Lumens

Free

PPTX (40 Slides)

Purchase System

Presentations | English