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Purchasing and Profit: Contributions Worth Measuring
Author(s) -
Beidelman Kevin
Publication year - 1987
Publication title -
journal of purchasing and materials management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.75
H-Index - 92
eISSN - 1745-493X
pISSN - 0094-8594
DOI - 10.1111/j.1745-493x.1987.tb00185.x
Subject(s) - purchasing , profit center , business , for profit , profit (economics) , purchasing management , marketing , economics , microeconomics , finance
The author looks at purchasing as a profit center. He contends that the role of the purchasing department as a profit center can be demonstrated by the creation of a program that measures buyer and supplier contributions to profit—and quantifies the results in a summary report to management.