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What is Key Elements for Effective Purchases about?
The purchasing function is essential for organizations, as the materials acquired generally represent between 40% and 60% of the final sales value. Therefore, reducing purchasing costs even in small amounts can have a significant impact on profit margins. A good purchasing strategy involves selecting the best suppliers to obtain the best products and services at the best total value. Elements such as price, quality, payment terms, and warranty are fundamental.
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- ScribdTranslations
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- EN