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Effectiveness Of Purchasing Planning And Control In A Manufacturing Organization
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1.6 DEFINITION OF TERMS
Planning: Is deciding in the present what to do in the future.
Control: A process of monitoring what has been planned
Strategy: Is the pattern of major objective purpose of goal and essential
Policies and plan for achieving those goal stated.
Effectiveness: To be able to bring about the result intended.
Manufacturing Organization: Those companies that produced good
Either consumer goods or industrial goods for consumption or for further product.
Qualified Purchasing Personnel’s: They are those purchasing that are
Competent in carrying out purchasing activities in an organization.
Goal / objectives: What the company intends to achieve.
Potential Customers: Those people that may be the company’s products
Market: Is the set of all actual and potential buyers of the company
Product
Market Opportunity: Is an area of buyer need in which a company can
perform profitably.
Purchasing Mix: Is the set of purchasing tools that the firm uses to pursue
its purchasing objective in the target market.
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