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farmers "laws of procurement"

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  • farmers "laws of procurement"

    can anyone tell me what these are

  • #2
    Re: farmers "laws of procurement"

    Hi, in what context would you be referring to this?

    In various countries there are different "Laws of Procurement"... eg. Afghan law of Procurement " used by United Nations development agency.

    Example: "Under the German law of procurement" the reliability of the tenderer is a tender criterion", Taiwan has a "The law of Procurement"..
    Is profit made when you buy or when you sell?

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    • #3
      Re: farmers "laws of procurement"

      thanks for your reply, the context is for for the following mock exam question

      Q8 Which of the following is one of Farmer’s ‘Laws of Purchasing’?

      A. The role of purchasing increases in importance when a large number of suppliers
      is used ..
      B. Purchasing will play a significant role in the organisation’s success when it
      employs a large proportion of the staff ..
      C. Purchasing is important when the function is required to process many orders.
      D. Purchasing is important when the organisation spends a large proportion of
      its income on purchased goods and services.

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      • #4
        Re: farmers "laws of procurement"

        Ok, you must be referring then to Author David Farmer ... Purchasing, Principles and Management (9th Edition) and Gower handbook of purchasing management...

        If you search here, you might be able to find the answer:
        Is profit made when you buy or when you sell?

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