FACTORS TO BE CONSIDERED IN BUYING

1. Product quality
The quality of material to be bought attracts greater importance. Because a manufacturer needs quality materials for maintaining the quality of his final product. Even middleman prefers only quality goods as he has to satisfy his customers.
2. Product quantity.
The quantities to be purchased basically depends upon the quantity of production or quantity of sales. However there should not be or under stocking. The quantity needed for consumption is easily ascertainable when it is ultimate consumption or for further processing. But buying for resale is complicated as the quantity to be bought depends,on the demand from the consumers.
3. Timing
The buyer must take a decision as
when to buy.
4.Price.
The aspects such add the terms,quality,credit facilities and discounts are to be considered carefully before the buying decision is made.
5. Source of supply.
The price is a delicate and complex factor in making a decision to buy. A buyer has to consider various sources of supply and decide a particular source from where to buy.