Purchasing and Profit Leverage As discussed in our reading this week, on average 50% of sales revenue is used for:
Raw materials
Components
Supplies
In a three to four page paper discuss how purchasing effects overall profit. Your paper should include the objectives and functions of purchasing, the purchasing cycle, selecting suppliers, and determining the right price, issuing a purchase order, and delivery procedures.
Submit to your instructor your two to three page (not including title and reference pages). Your paper should be formatted according to APA style as outlined in the approved APA style guide, and should cite at least two scholarly sources in addition to the textbook.
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