Accounting, purchasing and supply chain management

Purpose: To not only help with price quality and reliability and speed of delivery but also to enhance value analysis, make-or-buy analysis and supplier audits and certification. Planning may also be enhanced and assistance may be derived in maintaining ethical standards. Design/methodology/approach: An integration of the managerial accounting and purchasing functions is discussed and illustrated. It is hypothesized that synergy can be gained by the organization and related stakeholders. Findings: The purchasing function in business organizations is becoming increasingly important, and synergies can be gain by integrating the purchasing and managerial accounting functions. Originality/value: By integrating the purchasing and managerial accounting functions, costs can be reduced and quality can be increased.