In it’s article “How to Create a Formal Purchasing Program” – Entrepreneur.com has created the most concise explanation to show why having a purchasing system in place adds value and control.
Make sure you’re purchasing quality supplies at good prices by formalizing your business’s purchasing.
It’s easy to neglect the area of purchasing in your business. Of course you buy goods and services, but you don’t always plan the purchases as well as you could. As a result, you may spend more money than they need to, buy goods that aren’t of the proper quality for your needs, or choose suppliers that don’t offer the level of customer service you deserve….see entire article here http://www.entrepreneur.com/article/79798