Question: answer please 1. How does purchasing contribute to a firm's profitability? Explain your answer. 2. Why is it important to measure supplier performance? Explain your

answer please answer please 1. How does purchasing contribute

1. How does purchasing contribute to a firm's profitability? Explain your answer. 2. Why is it important to measure supplier performance? Explain your answer. 3. What are the benefits of having a purchasing policy and procedure? Explain your answer. 4. What do you think is the most important purchasing policy or procedure that should govern how a purchasing department operates? Explain your answer. To earn full credit, your answers must be concise and free of grammatical and spelling errors. Your answers should be supported by examples. Only use the lecture 1. How does purchasing contribute to a firm's profitability? Explain your answer. 2. Why is it important to measure supplier performance? Explain your answer. 3. What are the benefits of having a purchasing policy and procedure? Explain your answer. 4. What do you think is the most important purchasing policy or procedure that should govern how a purchasing department operates? Explain your answer. To earn full credit, your answers must be concise and free of grammatical and spelling errors. Your answers should be supported by examples. Only use the lecture

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