PURCHASING MANAGEMENT AND ITS IMPORTANT ROLE IN PROVIDING VALUE ADDED TO ORGANIZATIONS

Nowadays, in the knowledge based society, purchasing management has become one of the most important tool for improving the profitability of organizations. Because of its important role, purchasing is the function that has a tremendous impact on these efforts to create value in the organizations. This article summarizes the main value that can be provided by the purchasing function to the organizations. The paper starts with the presentation of the evolution stages of purchasing management Furthermore, we present the strategic role of the purchasing management in the knowledge based society. Based on the results of a questionnaire we summarized the main value added by purchasing in the companies from Maramures county. Finally, we draw conclusions and we elaborate some guidelines for managers.