Wk 3 Discussion 1

A project manager needs to understand the importance of the acquisition of capital goods. There are many choices for capital good procurement, including buying or leasing new equipment, or buying used equipment. Describe an example from the text or your personal professional experience where your project or organization had to procure capital goods for strategic reasons.  What was the type of equipment (new, used) and how was it purchased? 

Text

Johnson, P. F., Leenders, M. R., & Flynn, A. E. (2015). Purchasing and supply management (15th ed.). Retrieved from https://redshelf.com/

• Chapter 6: Need Identification and Specification
• Chapter 7: Quality