What is Supply Management W12 466

What is Supply Management W12 466 - What do you teach? Why...

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What do you teach?? Why would we dedicate a whole semester to how to buy something? 787 Dreamliner’s first flight Delayed 2 years, millions lost in penalties More than 300 suppliers General Mill’s earnings climb 49% Lower commodity costs Hedging strategy Race to supply e-reader screens Buyer’s inundated with potential suppliers Stay with unprofitable firm or switch to another?
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Supply Management “Who then is that faithful and wise steward, whom his lord shall make ruler over his household?” Luke 12:42
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Origins of the Profession During the 1800’s Charles Babbage in 1832 referred to a “materials man” First book exclusively about the purchasing function – The Handling of Railway Supplies – Their Purchase and Disposition During the pre-WWII years (1900-1940) Industrial purchasing beyond the railroad Second book devoted to purchasing – The Book on Buying Some focus related to procuring WWI supplies During the War years (1940-1946) Emphasis on obtaining scarce materials led to more interest in the purchasing function College courses in purchasing and a professional organization (NAPA)
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This note was uploaded on 02/13/2012 for the course BUS M 466 taught by Professor Wallin during the Winter '12 term at BYU.

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What is Supply Management W12 466 - What do you teach? Why...

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