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Can you explain the importance of superior procurement practices and what kind of value does it add to an organization,how does it affect sales?

to any retail/wholesale organization merchandising and procuring the right products at the right cost determines success of marketing/sales and profitability. "if you buy right you sell right" is that true?

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Question added by amer jayyousi , Business Development Consultant , freelance
Date Posted: 2014/06/27
Issa Saba
by Issa Saba , Supply chain, Logistics, & Administration (Area & Traffic Manager) , Transammonia / Trammo AG, Amman Regional office

Yes indeed, if you manage to buy a high valueed product at a good / fair and competitive price then you will be able to sell same at an acceptable profit.

amer jayyousi
by amer jayyousi , Business Development Consultant , freelance

what is the difference between procurement and purchasing?

Marlowie Hatulan
by Marlowie Hatulan , Banquet Manager , Radisson Blu Hotel

Buying only quality products to sell always leaves a positive impression during the stage of sales negotiation and it prolong profit in ROI and assess rates regularly. As a salesperson its a plus point when you feel confident about your product and you will avoid numerous inquiries regarding efficiency,ease, durability, elegance and comfort. 

 

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