Procurement
What Procurement means in Business GCSE, as defined for AQA, Eduqas, OCR.
Definitions of Procurement
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Check what you remember
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Reference: AQA
Buying the inputs a business needs, securing the right quality at a competitive price and building dependable supplier relationships.
The process of sourcing and acquiring the raw materials, components, goods and services a business needs to operate.
Sourcing the raw materials, components, equipment and services a business needs.
The process of identifying what a business needs to buy, choosing suppliers, placing orders, and receiving deliveries.
The process of finding, evaluating, and purchasing the goods and services a business needs from external suppliers.
The process of finding and purchasing the raw materials, components, and services a business needs.
Topics that use Procurement
- Influences on business (AQA GCSE)
- The role of procurement (AQA GCSE)
- Business operations (Eduqas GCSE)
- Working with suppliers (OCR GCSE)
Related terms
- Just-in-Time (JIT)
- Batch Production
- Buffer stock
- Flow Production
- Lead time
- Logistics
- Supply chain
- Adapting the marketing mix to external pressures
Using Procurement in the exam
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