Synopsis
Includes in-depth coverage of 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. 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. Discusses the particulars of purchasing special materials and provides information on certification, value analysis, forms used in purchasing, and the importance of accurate drawings and specifications.
Booknews
An introduction to industrial purchasing concentrating on securing specialized materials used in manufacturing. Hough (founder, American Purchasing Society) covers the criteria for selection, purchasing organization, evaluating need and source, bids, negotiation, commercial terms and contract law, warranties, antitrust laws, and the importance of accurate drawings and specifications. The volume considers purchasing of specific materials such as steel, non-ferrous metals, resin, plastics, ceramics, tool, and scrap. Includes forms used in purchasing. Annotation c. Book News, Inc., Portland, OR (booknews.com)