Updated: Nov 8, 2022
Purchasing Agents look at the availability of a product or service a company needs and technical support from knowledgeable providers in their fields.
When researching the right product for their employer, they consider price and quality to ensure it fits the company's needs.
For the purchasing agent, supplier relationships are not necessarily a very important intangible asset and a source of profit.
The purchasing agent can create considerable value for the principal through various activities, such as placing the principal's order with the most appropriate supplier, monitoring the supplier's production process, carrying out quality checks and ensuring that the order is fulfilled in full and on time.
The purchasing agent does not hold title to the goods and is not required to assume responsibility or risk concerning inventory. The purchasing agent receives a fee for its services from the principal.
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