To be effective, purchasing agents and buyers must have a working technical knowledge of the goods or services they are purchasing.Įvaluating suppliers is one of the most critical functions of a buyer or purchasing agent. Purchasing agents and buyers consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise. They do this by studying sales records and inventory levels of current stock, identifying foreign and domestic suppliers, and keeping up to date with changes affecting both the supply of, and demand for, products and materials. They try to get the best deal for their organization: the highest quality goods and services at the lowest cost. These policies help ensure that procurement professionals are meeting ethical standards to avoid potential conflicts of interest or inappropriate supplier and customer relations.īuyers and purchasing agents buy farm products, durable and nondurable goods, and services for organizations and institutions. Purchasing managers are also responsible for developing their organization’s procurement policies and procedures. In addition to these tasks, purchasing managers also plan and coordinate the work of buyers and purchasing agents and hire and train new staff.
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