Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

If you'd like to contact me please click on the link to: email me

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Tuesday, 18 March 2014

The Purchasing Mix

Factors that affect the buying in of raw materials is an important question that may crop up in Higher Business Management and National 5 Business Management.

The factors that need to be taken into consideration are:

Quantity – does the supplier have the facilities to supply the firm with the correct amount needed?

Quality – what standard is the raw materials being bought in? I always think of GIGO (Garbage In, Garbage Out).

Cost – What price will the supplier charge? This will have a knock-on effect on the companies own profits.

Reliability – do the suppliers deliver on time and in the right quantities?

Lead times – how long does it take for the goods or raw materials to be delivered?

 

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