1.What are some of the ways a firm can try to increase the overall value of its technology, and its
likelihood of becoming the dominant design?
Firms can increase the likelihood that their technology will become the dominant design by:
increasing the t
If firms want to compete in the race for innovation in difficult industries, they will benefit from teaming
up with the most innovative suppliers and integrating them into collaborative development projects.
This study used consortial benchmarking. A cons
Todays business environment demands a continuous search for new sources of competitive advantage
and increased globalization is on the mind of most executive leaders. Since most organization do not
have well-developed global sourcing strategies in place,
The importance of international sourcing is rising. Among the various reasons why companies choose
to source internationally, three main motivations are:
Cost savings (due to lower factor costs, such as wages or currency).
Access to highly innovativ
Purchasing and supply chain performance measurement and evaluation
A purchasing and supply chain performance evaluation system represents a formal, systematic approach
to monitor and evaluate purchasing performance. It is often difficult to develop measur
Lean supply is a philosophy that seeks to shorten the time between the customer order and the
shipment to the customer by eliminating waste and it attempts to achieve three objectives: (1) Flow,
which means that inventory moves through the su
What is negotiation?
Negotiation is the process of formal communication, either face-to-face or electronically, where two or
more people come together to seek mutual agreement about an issues or issues. A negotiation process
involves: 1. The management of
The driving force behind global competition can be summarized in a single equation nowadays:
Value = (quality + technology + service + cycle time) / price. The price paid for purchased products and
services will have a direct impact on the en
Globalization is changing interactions among the worlds economies through increasing
interdependencies. In supply management, the cost/price benefits with sourcing in developing countries
are a motivation for remaining competitive in an globa
Progressive firms need to meet the challenge of managing and improving supplier performance. With
growing global competition, companies rely on expansive networks of suppliers to meet their business
objectives. Effective supplier management a
Having the right tools and applying the right techniques is an essential part of supply chain management.
Project management is a valuable skill, because more and more work is structured as a project. Project
Evaluating, selecting, and continuous measurement of suppliers is one of the most important processes
that organizations perform. Traditionally, competitive bidding(price) was the primary methods for
awarding purchase contracts. Today purchas
Progressive purchasing approaches and strategies can help a company maintain or improve its
competitive position. Not so long ago, purchasing was not so difficult, but nowadays companies use
purchasing to improve their competitive position. G