ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chief Accountant
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Factory Manager
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Purchasing Officer
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Store Keeper
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Detailed explanation-1: -Purchasing officers source and buy materials, goods, and services on behalf of the employer to be resold or used in daily operations. Purchasing officers maintain stock levels, and may also conduct research, negotiate with vendors, and interview prospective suppliers.
Detailed explanation-2: -The chief procurement officer, or CPO, leads an organization’s procurement department and oversees the acquisitions of goods and services made by the organization. The CPO ensures that purchases will meet organizational needs while helping to reduce costs, give higher profit margins or both.
Detailed explanation-3: -A procurement manager is the person responsible for sourcing and buying products and services for their company. The role is sometimes also called a purchasing manager.