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The planning function of operations management known as purchasing seeks for high-quality material resources, selects the finest suppliers, and bargains for the greatest price.

What do mean by management?

The process of completing the labor or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management. These management tasks are implied by the process. Planning, organizing, staffing, directing, and managing are therefore involved.

How is management important?

A manager's job is to give all attempts to attaining organizational objectives general leadership and direction. Increasing productivity by effective planning, organizing, managing, and directing, management contributes to the business's increased efficiency.

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