6.1.0 Features of Purchase Policy :
Purchase of materials, which was earlier regarded as routine activity has now become a professional function (which requires special skills and expertise) due to rapid changes in technologies and business environment.
A professional purchaser has to purchase materials
- of Right Quality (Just adequate quality)
- in Right quantities (Neither too much nor too little )
- at Right prices (Competitive but not unworkable)
- with Right delivery (With right mode of transportation at desired place on required time)
- from Right sources (Reliable sources having adequate potential, know-how, facilities and Financial capability and record of good performance).
