To not only help with price quality and reliability and speed of delivery but also to enhance value analysis, make‐or‐buy analysis and supplier audits and certification. Planning may also be enhanced and assistance may be derived in maintaining ethical standards.
An integration of the managerial accounting and purchasing functions is discussed and illustrated. It is hypothesized that synergy can be gained by the organization and related stakeholders.
The purchasing function in business organizations is becoming increasingly important, and synergies can be gain by integrating the purchasing and managerial accounting functions.
By integrating the purchasing and managerial accounting functions, costs can be reduced and quality can be increased.
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