Notes #10 - Parallel Sourcing Form of supplier redundancy...

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Parallel Sourcing Form of supplier redundancy with two suppliers designated as the sole supplier of two different parts but both are backup suppliers for each other’s products Web-Based Procurement (e-Procurement) Connects companies and their business processes directly with suppliers while managing the interactions between them Human Resource Management Strategy Focuses on understanding and identifying how companies can create value for their key stakeholders Vertically aligning HR practices with corporate strategy Horizontally aligning HR practices with each other in a supportive,
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Unformatted text preview: coherent whole Regardless of pursuing either the cost or differentiation strategy, the critical role of HR is to build the necessary managerial and support capabilities to support the firm’s strategic formulation and implementation Human Capital as a Competitive Advantage Human Capital Sum of all the capabilities of the individuals in an organization Human Capital as a source of competitive advantage How management views employees as an expense or investment is the key variable...
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  • Spring '13
  • N/A
  • Business, Management, hr practices, Vertically aligning HR, Procurement (e-Procurement)

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