CPIM Practice Exam

What is a primary objective of purchasing?

1. To keep many sources of supply available

2. To control budgetary expenditures of all employees

3. To obtain goods and services of the required quality

4. To ensure goods are purchased at the lowest possible price

The correct answer is: To obtain goods and services of the required quality

Obtaining goods and services of the required quality is a primary objective of purchasing because the quality of materials and components significantly impacts the overall performance and reliability of products. When purchasing decisions prioritize quality, organizations can enhance customer satisfaction, reduce returns, and increase competitive advantage. While ensuring that goods are procured at the lowest price is important for managing costs, it must not compromise the quality of the purchased items. Similarly, having many sources of supply or controlling budgetary expenditures is relevant to purchasing but ultimately serves the broader aim of acquiring quality supplies that meet the organization's needs. Hence, focusing on the required quality of goods and services remains paramount in aligning purchasing activities with organizational goals.