Answer:
strategic purchasing is now considered.
Why strategic purchasing is important?
- Implementing an effective purchasing strategy helps companies to make smart purchasing decisions and increase their sales.
- In addition, strategic purchasing operations offer a competitive advantage and help develop supply relationships between manufacturers, suppliers, and retail businesses.
What are purchasing strategies?
- A purchasing strategy defines how your company buys things.
- Its primary goal is to reduce the bottom line and maximize cost savings by reducing inefficiencies, establishing approval workflows, and forming a tactical buying plan to get desired results.
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