Depending on what company or industry you work for, there will usually be one or two very important commodities that have the ability to affect the company strategically.  For example, Cocoa and sugar will be an important commodity for Lindt chocolates.

There is no formula or check list which can be followed in determining the information which a buyer needs for sound purchasing as it depends on the commodity or material.    The challenging part of this assignment will be to conduct research, not only on the internet, but in the library as well.  You may be required to contact companies and suppliers for information. 

Make reference to your various sources of information in your power point presentation.  You will need to decide which information will be important to guide a purchasing agent or buyer of this material. Here are some areas to consider:

1. Give an overview of the company you have chosen.
2. The intended use of the commodity and the various requirements to be met by the item purchased.
3. Identify the different forms of the product including the various characteristics, the different grades, classifications, and properties which distinguish one product from another.  From the available products, one may be selected for detailed investigation.
4. Define the technical terms that are used to specify and inspect the selected product.
5. Identify suppliers (both domestic and international) from which the product can be obtained.
6. What is the typical way the product is packages and sold?  Can you purchase it in 500 ml containers, or 250 kg drums etc.?
7. Pricing trends, can be accessed on websites such as www.propurchaser.com or Index Mundi website.
8. What types of things can affect the pricing or availability of the product (i.e. shortage of rain)?