Petty Components makes a variety of partsSolutionYes Althoug

Petty Components makes a variety of parts

Solution

Yes, Although its role varies with the type of business, purchasing constitutes a key part of operations management for most small businesses.

Manufacturing firms buy raw materials or components, merchandising firm purchase products to be sold, and all types of firms obtain supplies.

The quality of a finished product depends on the quality of the raw materials used. If a product  must be grade precision and close tolerances, the manufacturer must acquire high -quality materials and components parts.

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