Best Buy purchases its products using a well$-$structured supply chain management strategy that

prioritizes strong supplier relationships and inventory optimization. The company uses a

combination of direct purchasing and relationships with major manufacturers such as Apple,

Samsung, and Sony. By engaging in direct talks with these suppliers, Best Buy may get low

pricing and exclusive product offerings, helping to distinguish its products from competitors.

Furthermore, Best Buy frequently works with manufacturers to organize promotional activities

and training for sales associates, ensuring that personnel are knowledgeable about the products

they sell. This collaborative strategy not only increases product availability but also develops a

sense of loyalty between Best Buy and its suppliers, resulting in better terms and service.

To further improve its purchasing process, Best Buy has a sophisticated inventory management

system that forecasts demand and optimizes stock levels throughout its shops. This method helps

Best Buy to anticipate consumer trends and preferences, lowering the risk of overstocking or

stockouts. The company also uses a just$-$in$-$time $($JIT$)$ inventory strategy, which reduces holding

costs by ordering products closer to the point of sale. This strategy is especially effective in the

fast$-$paced electronics business, where technology advances quickly and new items are constantly

introduced. Best Buy's emphasis on efficiency in sourcing and inventory management allows it

to quickly adjust to changing market conditions while supplying customers with the latest

products and keeping a competitive edge in the retail sector.

Please provide a table of entities and activities on the purchasing process of Best Buy using this narrative