Give at least three reasons why monitoring is important in purchasing. by Digital Factory https://padlet.com/digitalfactorycd/r4cbs7w902igzdxx Purchasing information watch - Introduction en-us 2024-11-28 09:49:25 UTC 2025-06-13 03:57:15 UTC hello@padlet.com https://padlet.com/digitalfactorycd/r4cbs7w902igzdxx/wish/3378124136 Monitoring is important in purchasing for several reasons:

  1. Cost Control – Ensures that purchases stay within budget and prevent overspending.

  2. Quality Assurance – Verifies that goods and services meet required standards before acceptance.

  3. Fraud Prevention – Detects and mitigates risks of fraudulent transactions or unethical practices.

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