Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan.

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pali4dima pali4dima

22-05-2022
Business

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Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan.

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jaquelinefvr jaquelinefvr · Answer 1 · 2022-05-24T10:34:35+02:00

The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.

What is a Strategic Sourcing Plan?

It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.

Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.

Find out more about supply chain here:

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Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan. ​

Respuesta :

What is a Strategic Sourcing Plan?

Otras preguntas

Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan.