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Definition of Purchasing

Definition of Purchasing

Posted by Lee Du Bray, Purchasing

To procure externally those goods and services not available internally at the lowest possible price taking into account quality and service as well as form, fit and function. To perform this function many companies employ the services of Purchasing personnel,...

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Economists

Economists

Posted by Lee Du Bray, Finance

Ever noticed that economists will say something inane on one hand and then proffer a diametrically opposite opinion on the other? Mostly they dribble on about GDP and the underlying inflation rate being related to the TWI. They talk in...

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Backorder… What does it really mean?

Backorder… What does it really mean?

Posted by Lee Du Bray, Purchasing

If you are party to a Supply Agreement or Contract you may feel you have adequate protection against stock outages through various clauses in the agreement. In reality though all too often you will experience those frustrating stock problems that...

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Institute of Purchasing

Institute of Purchasing

Posted by Lee Du Bray, Purchasing

CIPS Australia (CIPSA) is the not-for-profit peak body for procurement professionals and is wholly owned by The Chartered Institute of Purchasing & Supply, an international organisation based in the UK, with 42,000 members in 120 countries. CIPSA is mandated to...

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