Which of the following is an objective of the purchasing function? A) purchasing the appropriate quantity B) obtaining cash refunds C) purchasing the highest quality D) All of the above

• A) purchasing the appropriate quantity

Explanation:

Purchasing function responsibility includes buying materials of the right quality (not highest), in the appropriate quantity to avoid excessive buying, at the right time, at the right price and from the right source. Efficiency remains the main long-range goal of purchasing, which entails ensuring maximum returns in every dollar spent on goods and services. Purchasing does not require to always source for the highest quality, rather, the right quality depending on the purpose of the item.