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Supply Chain Management Assig PDF

6 Pages·2021·English
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by ['Ephraim ']| 2021| 6 pages| English

About Supply Chain Management Assig

1. Strategic sourcing provides organizations with benefits like reduced costs, supply stability, facilitated risk management, and increased profitability. It allows organizations to negotiate lower prices, build stable supply partnerships, identify and resolve potential problems, and save money that contributes directly to profits. 2. Strategic sourcing enables better decision making and long term planning. It forces leadership to think strategically about the future. Close supplier relationships also help manage risks from issues like a supplier's cash flow problems. 3. When done effectively through a procurement software system, strategic sourcing can improve organizational performance in many ways such as cost savings, reputation, risk management, continuous improvement, and informed decision making. It is a smarter approach

Detailed Information

Author:['Ephraim ']
Publication Year:2021
Pages:6
Language:English
Format:PDF
Price:FREE
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