I will meet my aunt today

Today I have planned to visit my aunt’s place. My aunt has been inviting me for more than a month and I did not have time to meet her. But today I do not have field work, so it will be possible to meet my aunt and spend time with her. If my aunt wants to watch a movie I will take her out and watch a film with her. I love my aunt a lot. As I have planned I will start in few minutes to my aunt’s place.

BULK PURCHASING

It is common knowledge that bulk buying makes the bargaining power of the buyer strong. Purchases can be made at low prices. When materials are purchased on a large scale, small price reduction amounts to a big saving in the total payment. However, there are certain limitations of bulk purchasing for example when prices decline during off season, it would entail loss, there would be rise in wastages and losses, and lot of space is required. For a strong and unnecessarily a large amount of capital is locked up.

PURCHASING PROCEDURE

The first in the process of purchasing is taken when a purchase requisition is initiated. A purchase requisition is a document prepared by the departments authorized to request the purchasing agent for the procurement of materials, there are three sources from which such requisition is received. When a separate production planning department is kept, it prepares a list of items required for each production order. This is called bill of materials. The purchase department proceeds to make purchase on the basis of such bill of materials. In certain cases, the requisition is received from production department using the particular item of raw materials.

GROUP INSURANCE

Group insurance is a plan of insurance, which provides cover to a large number of individuals under a single policy called group policy. The individuals covered under group insurance policy are not parties to the contract. The contract will be between the insurer and a body that represents the group of individuals covered. This body may be the employer, who is interested in obtaining benefits for his employees through insurance. The body may be an association of individuals through whom the collective interests of the individuals are safe guarded, like a trade association.