Notes #9 - Market Requirements Focused on satisfying...

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Market Requirements Focused on satisfying customers Operations Resources Continuous building of capabilities Purchasing Strategy Goal is to improve processes, increase efficiencies, increase product quality, and reduce costs. Process of continuous improvements and evaluation of the firms purchasing activities with goal to improve Also known as strategic sourcing Four choices Multiple sources
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Unformatted text preview: Sole sourcing Parallel sourcing E-procurement Purchasing Strategy Choices Multiple sourcing Forces the firms suppliers to compete with each other for the business Provides the firm with optional source if one supplier cannot deliver Sole Sourcing Relies on only one supplier for a particular part (JIT) Purchasing Strategy Choices...
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  • Spring '13
  • N/A
  • Management, Firm, strategy choices, Sole Sourcing

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