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Explain the purpose of material specification in purchasing and supply management

Explain the purpose of material specification in purchasing and supply management.

Answers

Jim
The following are the main purpose of material specification in purchasing and supply management.
1. Material specification eliminates ambiguity in sourcing hence minimizing turnaround time.
2. Material specification enables correct materials procurement and delivery.
3. Material specification enables the buyer to have standard baseline for comparing prices and quality.
4. Material specification enables the supplier to easily pick the items from the shelves for distribution or deliver in a timely manner.
5. Material specification allows the receiver of the materials easy time to check, verify and acknowledge receipt with minimum time frame.
6. Material specification enables easy inventory or hand count of stocks or materials due clear item grouping as per the brand or specification, example" fanta orange and fanta passion".
7. Material specification enables the buyer to raise correct delivery note and invoicing.
8. Material specification reduces chances of fraud on procurement documentation during delivery and invoicing.
9. Material specification eliminates double supply and double invoicing thus curbing fraud.
jimwalkmentor answered the question on September 6, 2018 at 13:57

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