Supplier Involvement and Procurement Effectiveness
Thesis Statements
1. In order to keep up with the competitive international market brought about by globalization, it is inherent that organizations identify the key strategies as well as risks that will be most beneficial to their successful operations. Organizations that depend on efficient and effective supply chain management should recognize the interplay of the company’s operations management and that of the external environment of the firm.
2. The best product and service providers continuously update and upgrade their service deliveries in order to answer the demands of their customers. Customers have the ever-increasing demand on getting their hands into the products which can lead to change in business establishment if expectations are not met.
3. The supply flow normally includes the intention of order, quotation, confirmation, delivery, payment and handling of receipts. Normally, great amount of time is consumed in the mere planning of the purchase orders of a particular business company. And since most of the time the transactions involve not only a single client or customer, especially in the case of huge product and service providers, business establishments need to deal with sub-suppliers with several forwarders from which a number of consolidations are exchanged.
Credit:ivythesis.typepad.com
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