The purchasing function is responsible for identifying the operational needs of the organization, negotiating, determining product specifications, and working with and choosing vendors. Managers are charged with making the appropriate buying decisions in an ethical and professional manner.
Topic: Purchasing and Technology
You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class regarding either videos or viable information regarding blockchain technology.
Make sure to title each part of your response as Part A and B.
Part A: Technology
Part B: Contracts
A large part of purchasing has to do with contracts. Based on your reading on contracts in Chapter 6, see if you can spot the problems in the following scenario.
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