objectives of purchasing

USAGE SUMMARY

The phrase "objectives of purchasing" is correct and usable in written English.
It can be used when discussing the goals or aims related to the purchasing process in a business or organizational context. Example: "The objectives of purchasing include reducing costs, improving supplier relationships, and ensuring quality in the procurement process."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

By 2011, Unilever had replaced around 900,000 and is currently accelerating this rollout globally, with the objective of purchasing a further 400,000 by 2015.

The Guardian

Thus, their objective function was total value of purchasing.

Journal of Industrial Engineering International

The various components of the objective function are detailed in the following: 1) Total cost of purchasing active power for active power losses balancing.

Journal of Modern Power Systems and Clean Energy

Minimization of total risks of purchasing used oil from vendors is represented as the second objective function in Eq. (8).

Journal of Industrial Engineering International

Problem objectives include reducing operating and transportation costs, environmental costs, and delay costs besides increasing in value of purchasing from importers.

Journal of Loss Prevention in the Process Industries

In fact, getting the bag sometimes is the main objective of a purchase.

Los Angeles Times

In markets where the public authority has a series of policy objectives, purchase of transport services should reflect this to some extent.

European Transport Research Review

While each of these companies pursues multiple strategic objectives within Purchasing, the PPMSs designs focus heavily on cost-related strategy and performance dimensions.

Journal of Purchasing and Supply Management

Sustainable purchasing is the pursuit of sustainable development objectives through the purchasing and supply chain process, incorporating social, environmental and economic aspects [7, 8].

European Transport Research Review

Objective To examine the effects of a point-of-purchase (POP) intervention emphasizing various properties of healthful food items on college students' snack purchases.

Journal of the American Dietetic Association

The total cost rate as an objective function consists of purchase equipment costs, fuel cost, and environmental impact cost.

Applied Thermal Engineering

Expert writing Tips

Best practice

When defining the "objectives of purchasing", ensure they align with the overall strategic goals of the organization. This alignment ensures that purchasing decisions contribute to the company's broader mission.

Common error

A common mistake is focusing solely on short-term cost savings without considering long-term "objectives of purchasing" such as building strong supplier relationships or ensuring supply chain resilience. Balance immediate needs with future sustainability.

Linguistic Context

The phrase "objectives of purchasing" functions as a noun phrase, identifying the specific aims or goals related to the procurement process. It's used to define what a company or organization seeks to achieve through its purchasing activities. Ludwig confirms this usage through various examples.

Expression frequency: Missing

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Ludwig's WRAP-UP

The phrase "objectives of purchasing" refers to the goals and aims that a company or organization sets for its procurement activities. While Ludwig AI indicates the phrase is correct, no direct examples were found in the provided search data. This phrase is typically used in business and academic contexts to define what an entity intends to achieve through its purchasing strategies. Key "objectives of purchasing" can include cost savings, quality assurance, risk management, supplier relationship management, and supporting innovation, emphasizing the importance of aligning purchasing decisions with overall business strategy. Given its professional and formal tone, it's best suited for official documentation and strategic discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

procurement goals

Focuses specifically on the goals within the procurement process.

purchasing aims

Uses 'aims' as a synonym for 'objectives', offering a slightly different nuance.

goals of procurement

Reorders the words and replaces "purchasing" with "procurement".

procurement objectives

Swaps the order of the words.

strategic purchasing goals

Highlights the strategic aspect of purchasing objectives.

procurement targets

Replaces 'objectives' with 'targets', suggesting specific, measurable goals.

purchasing function objectives

Specifies that the objectives relate to the purchasing function within an organization.

aims of strategic sourcing

Replaces purchasing with strategic sourcing and objectives with aims.

supply management objectives

Frames the objectives within the broader context of supply management.

purchasing performance targets

Focuses on performance-related objectives in purchasing.

FAQs

What are some key "objectives of purchasing" in a business context?

Key "objectives of purchasing" often include cost reduction, ensuring quality, mitigating supply chain risks, fostering strong supplier relationships, and supporting innovation. These objectives help to drive efficiency and competitiveness.

How do the "objectives of purchasing" differ from the goals of procurement?

While the terms are often used interchangeably, the "objectives of purchasing" tend to be broader and more strategic, encompassing overall aims like improving supplier relationships or ensuring ethical sourcing. Goals of "procurement" might be more specific and tactical, such as reducing costs by a certain percentage or meeting a specific delivery deadline.

What can influence the "objectives of purchasing" within an organization?

Several factors can influence the "objectives of purchasing", including market conditions, the company's strategic priorities, technological advancements, regulatory requirements, and the organization's sustainability goals. These factors require a flexible and adaptive approach to purchasing.

What's the best way to communicate the "objectives of purchasing" to a team?

Clearly define and document the "objectives of purchasing" in a formal policy or set of guidelines. Regularly communicate these objectives to the team through training sessions, meetings, and performance reviews. Ensure that all team members understand how their individual roles contribute to achieving these objectives.