In modern organisations like Toyota the purchasing function forms an inherent and integrative part of an integrated supply chain. A supply chain consists of purchasing (inputs or sourcing), the operational process (assembling or transformation) and distribution of half-finished or finished consumer goods. The purpose of Toyota’s purchasing and supply function is not only to provide the right materials, services and equipment, but also to _____________________ .

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manage the planning, organising, leading and controlling of all activities relating to the purchasing of materials and services.

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ensure that they are purchased at a reasonable price, satisfy quality requirements and are received in the correct quantities at the right place and time.

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manage and select appropriate suppliers who can deliver the required materials within the specified time frames.

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retain the market share by providing products to consumers that satisfy their needs.

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In modern organisations like Toyota the purchasing function forms an inherent an...

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