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Written by the founder of the American Purchasing Society, this authoritative introduction to industrial purchasing emphasizes the unique aspects of securing specialized materials utilized in manufacturing. Essential information covered in depth includes the criteria for the selection of products, purchasing dynamics, the organization of the purchasing function, how to determine need, how to evaluate a source, obtaining and analyzing bids, and required forms. The section on negotiating explains how to determine what is negotiable, how flexible is the seller, commercial terms used in purchasing, what every purchasing agent needs to know about contract law, the importance of the Uniform Commercial Code, different types of warranties that can protect your business, and information on antitrust laws and patent rights. In addition to chapters that discuss the particulars of purchasing special materials, there is also information on certification, value analysis, forms used in purchasing, and the importance of accurate drawings and specifications.
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