2. The Management process through which goods and
service moves from producer to consumer.
It includes the coordination of four elements called the 4
P’s of marketing:
1. Identification, selection and development of a Product
2. Determination of Price
3. Selection of distribution channel to reach customer Place
4. Development and implementation of a Promotional
Strategy
Function of business concerned with Creation of
customer……
6. To transfer, exchange & movement of goods
To Raising And Maintaining The Standard Of
Living Of The Community
Creates Employment
Source of Income and Revenue
Acts as a Basis for Making Decisions
Acts as a Source of New Ideas
Helpful In Development Of an economy
WHY MARKETING…..???
7. Purchasing refers to a business or organization
attempting to acquire goods or services to accomplish
the goals of the enterprise.
Branch of marketing department
Purchasing depends upon the mission, purpose, goals
& objectives of the firm.
Purchasing makes creation of quality of product.
Key issues related to purchasing are:- Quantity,
Quality , Time and Place.
8. Objectives of Purchasing
Purchase of satisfactory material.
Proper negotiations with suppliers.
Co-ordination with other departments.
Timely deliveries.
Continuous and regular supply.
Minimized wastages.
Quality
To control the qty. of material
Information about new material and processes,
which can reduce the cost of production and
improve the performance of the product.
10. TYPES OF PURCHASING
On the basis of purchase type
1. Personal purchasing
2. Mercantile purchasing
3. Industrial purchasing
4. Institutionalized or government purchasing
On the basis of time & aggrement
Standard: one time buy
planned : an agreement on a specific item
at an approximate date in fixed cost
blanket : an agreement on specific terms and conditions;
date quantity and amount are not specified.
15. ADVANTAGE OF CORELATON BETWEEN PURCHASING
& MARKETING
Implantation of the company’s transfer ability
Problem solving ability
Positioning strategy
Customer satisfied product
Increase in the production
efficiency
Process of discovering and translating consumer’s wants into product and service.
Medium….
Traditionally:-Transfer of Ownership of goods.
Modern:-Function of Business concerned with the creation of customer.
Different from selling: selling is the exchange of your product with their cash with tricks and technique without concerning the value.
Promotion of particular product rather than the consumer needs..