Management and Practice of Material Purchaseby Bidding

Described in the article are the major activities and practice for material purchase by bidding by the enterprise,including set-up of necessary body and regulations,strengthening of planning management for material purchase by bidding and standardization of the bidding procedures,etc.Relevant practice leads to such a conclusion that as a new mechanism for material purchasing,purchase by bidding provides such advantages as cut-down of purchasing cost,better purchasing management and regulated supply sources and purchasing performance.In addition,as a scientific approach,purchase by bidding benefits the enterprise in such aspects as better control of quality of the purchased materials,keeping a clean purchase staff with less misconducts,more transparent financial activities,consolidating the unity of the company as well as better communication and coordination between different departments of the company.