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...Subject purchasing and materials management course code pom author dr vijender pal saini lesson no vetter sanjay tiwari structure objectives introduction important of purchase activities types cycle characteristics a manger classification manufacturing department relationship between other departments risks to be considered by material manager summary key words self assessment questions references suggested readings after going through this you will able understand the concept identify know importance describe explain describes process buying it is learning requirement identifying selecting supplier negotiation price an element wider function procurement includes many such as ordering expediting receipt payment responsible for obtaining parts supplies services needed produce product or provide service joyce can divided into two broad categories large small purchases based on seven purchased volume specificity technological complexity essentiality fragility variability economic value pa...