Principles Of Buying

Essay specific features

 

Issue:

Business

 

Written by:

Simon R

 

Date added:

October 5, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1644

 

Was viewed:

2945 times

 

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Essay content:

No matter where the supply function is located on the organizational chart; each member of the supply organization has the opportunity to improve relations with internal customers and suppliers. By doing this there is a potential for a greater contribution to the organizational objectives. Buyers work with suppliers daily and create trusting relationships...
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These relationships can produce valuable contacts and deeper connections between the organization and supplier. Creating long-term contracts with suppliers allows the organization to increase productivity by reducing the number of contracting actions required. The purpose of supply chain management is to improve trust and collaboration among suppliers which creates improved inventory visibility and improved inventory velocity...
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