Outline any two of the reasons why the purchasing function has become increasingly important for businesses today. In your explanation, apply these reasons to the context of the technology company Samsung.
Samsung is committed to complying with local laws and regulations as well as applying a strict
global code of conduct to all employees. It believes that ethical management is not only a tool for
responding to the rapid changes in the global business environment but also a vehicle for building
trust with its various stakeholders including customers, shareholders, employees, business
partners, and local communities. With an aim to become one of the most ethical companies in the
world, Samsung continues to train its employees and operate monitoring systems, while
practicing fair and transparent corporate management (Samsung, 2021).
Outline any two of the reasons why the purchasing function has become
increasingly important for businesses today. In your explanation, apply these
reasons to the context of the technology company Samsung.
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