466Lecture 1

466Lecture 1 - Save money can increase more flexibility for...

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Lecture 1 Projects: buy wheat for kellogg as a team choose a commodity that's available widely. Public company with the public information and make assumption Steel----caterpillar Sugar---coke Be alerted/concerned for raw materials' origin Centennial company : shaver If you increase sales, it won't come to bottom line directly . The cost of materials would stay the same, and the assume the profit margin stands. Variable cost still exist. If you sell $1, $0.05 goes to bottom line unless increase 65% of sales if hires extra one salesperson. If we hired a purchasing, as much as we saved, it would go directly to the bottomeline and save the cost.
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Unformatted text preview: Save money can increase more flexibility for the company. Such as increase the budget for R&D Buying/supply management--including relation management General management--develop purchasing procedures control. NAPM(national association of purchasing managers) was called until 2001 Lead and serve the professionals C.P.M: certified purchasing manager A.P.P: accredited purchasing practitioner CPSM: certified professional in supply management...
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This note was uploaded on 01/30/2012 for the course BUS M 466 taught by Professor Wallin during the Winter '12 term at BYU.

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466Lecture 1 - Save money can increase more flexibility for...

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