What is the goal of purchasing?
A) To ensure the company has what it needs, when they need it, at the lowest possible cost.
B) To determine the right quantities of supplies and products to have on hand.
C) To track where items are in the supply chain.
D) To link a company's financial system to other processes.
E) To extend resource planning to encompass the entire organization.
Answer: A
Explanation: Procurement, or purchasing, is the acquisition of the raw materials, parts, components, supplies, and finished products required to produce goods and services. The goal of purchasing is to make sure that the company has all the materials it needs, when it needs them, at the lowest possible cost.
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