96 Summary

Summary

In this section, we have seen that capital equipment procurements are often major investments and the role of Procurement function is distinctly different in this type of buying activity.

In the procurement of capital equipment, the Procurement function is in a creative capacity as facilitators, coordinators, contract administrators and procurement consultants to management. More importantly, however, is his or her responsibility to orchestrate the total performance. The buyer’s main job is to ensure that everything happens as it should and when it should.

 

 

Self-tests 5.1 and 5.2
Questions to self-tests 5.1_5.2
Suggested answers to self-tests 5.1_5.2

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