title: Purchasing principles to reduce acquisition and inventory costs.
abstract: Knowing how, what, when, and where to negotiate are all part of the system that finally determines how much you pay for products and services. Knowing the primary and secondary objectives of materiel management is important in establishing purchasing and inventory policies and procedures. Negotiating all of the terms and conditions up front, before you finalize any deal, is important to minimize your acquisition, operating, disposal, and inventory costs and to maximize profit. Most purchasers and negotiators only bargain for part of the costs; then they have to bargain to try to control the rest of the costs or they are at the mercy of others. Prepare to negotiate for all the factors that will influence the final operating cost from the beginning to the end of the negotiation process.
authors: Cedars Medical Center, Miami, FL.
authors: R
authors: R
authors: Alvarez
mesh_terms: D003142:Communication; D003284:Contract Services / Q000592:standards; D003363:Cost Control / Q000379:methods*; D007445:Inventories, Hospital / Q000191:economics; D009937:Organizational Objectives; D011682:Purchasing, Hospital / Q000592:standards*; D014481:United States