The principals of purchasing are the guidelines for the buyer to know the optimal things to consider when buying.
Explanation:
There are five accepted principals of purchasing and they are defined here as such:
The Right Quality: The person must know the difference between bad quality and good quality of product they are buying.
The Right Quantity,: What is the optimal amount of product that is needed?
The Right Price: They must know if the price they are buying it for is good.
The Right Place: Is there a better place to buy the same product from that can be more trustworthy.
At the Right Time: The right time to buy products whose quality can fluctuate.
