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Factsheets

Purchasing

19 Jan 2017

Effective purchasing helps you control costs and can significantly improve margins and profits. Your purchasing choices also have an impact on the quality of your own products or services and on your cash flow.

Successful purchasing relies on knowing what your objectives are and specify exactly what you need from your purchasing. You also need to work at choosing the right suppliers and building working relationships with them.


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The information in this guidance is intended for general information purposes only and does not constitute legal or professional advice. The IoD does not accept any responsibility for any loss which may arise from relying on information contained in this article. It is not a substitute for legal advice and specific and personal legal advice should be taken on any individual matter. IoD does not recommend any firms. The IoD is not accountable for the products, services, acts or omissions on the website(s) linked to this page. Website terms and conditions apply.

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