Purchasing Management Definition
Purchasing management is the process of planning, organizing, directing, and controlling the activities of an organization with the objective of acquiring goods and services in the most effective and efficient manner possible.
The purchasing manager is responsible for ensuring that the organization has the right quantity and quality of goods and services at the right time and at the best price. To do this, they must plan and forecast future demand, negotiate contracts with suppliers, track inventory levels, and manage supplier relationships.
