1. What are the key changes that have occurred in purchasing during the last century?
2. What is purchasing devolution?
3. How is government purchasing different from industrial/commercial buying?
4. Is resale/retail buying focused on the same objectives as commercial/industrial buying?
Answering the first question as per Chegg Guidelines:
1. In the last century, purchasing was all about product and service exchange and barter system. People used to exchange items and this constituted trade. However with time, people started progressing and their level of awareness enhanced. Money also came into existence and the purchase started happening by giving money, in exchange of the product. With the advent of technology, people started becoming quality conscious. Quality of the product was thoroughly checked and its value addition estimated, before making any purchase decisions. The customers also started negotiating price of the purchase from the suppliers to get the product in the most cost effective way. In current times, purchase process is laced with Artificial Intelligence. The past purchases of the customers is fed into system for processing and analysis. Accordingly the suppliers come up with attractive offers to attract customers and increase the overall sales and purchase of their products.
1. What are the key changes that have occurred in purchasing during the last century? 2. What is...
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