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Written by:
Rey O
Date added:
June 28, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 779
Was viewed:
9422 times
Rating of current essay:
Essay content:
The analysis of purchase value is based on unit value, annual volume and annual value.
Class % of total items purchased % of total purchase dollars
A 10 70-80
B 10-20 10-15
C 70-80 10-20
Typically the smaller, less important item creates the most amount of work and nuisance out of proportion to their dollar value and importance...
displayed 300 characters
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By classifying items that have the best potential for savings, purchasing can discover where to spend the time and add the most value.
It is common to identify C items, and deal with those items by carrying inventories, creating blanket agreements or other strategies that reduce administrative and repetitive work...
displayed 300 characters
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